At their September 23 meeting, the two men will discuss peace negotiations between the Palestinians and Israel, which resumed earlier this year after a three year hiatus, the sources said.
The announcement came hours after Israeli Prime Minister Benjamin Netanyahu said he would meet Obama on September 30 for talks on Iran's nuclear programme, the negotiations with the Palestinians and other regional issues.
Israeli and Palestinian negotiators have been holding talks in secret since August after marathon efforts by US Secretary of State John Kerry brought them back to the table. The last round of direct talks between the two sides collapsed in September 2010.