The Malaysia Airlines jet disappeared with 239 people on board in March 2014 en route from Kuala Lumpur to Beijing after diverting from its flight path.
No sign of the plane was found in a 120,000 square kilometre (46,000 square mile) zone selected by satellite analysis of the jet's likely trajectory and the Australian-led hunt - the largest in aviation history - was called off in January last year.
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It is hoped by this time the Malaysian government and Ocean Infinity will have finalised a deal for the hunt to resume.
Malaysia's Deputy Transport Minister Aziz Kaprawi said negotiations for the firm to restart the hunt on a "no find, no fee" basis were in the final stages.
"They (Ocean Infinity) know we are very serious in taking their offer," he told AFP.
A spokesman for the company added: "The company are awaiting final contract award before the search recommences."
Ocean Infinity was one of three companies which had bid to resume the hunt.
The source, who declined to be identified, said that the firm had decided to send the Seabed Constructor, a Norwegian research vessel, to the southern Indian Ocean so that it was ready to start searching in a window of good weather expected in January and February.
The vessel is carrying several autonomous submarines which can be launched from the boat to scour the seabed for fragments of the jet.
Australia's national science body CSIRO released a report in April suggesting the doomed plane was "most likely" north of the former search zone in an area of approximately 25,000 square kilometres.
Only three confirmed fragments of MH370 have been found, all of them on western Indian Ocean shores, including a two- metre wing part known as a flaperon.
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