The news was first reported by ABC News which said that the announcement could be made today.
"The trip is planned for March 21-22 before the president flies to Argentina," the news channel reported yesterday.
Republican presidential hopeful Marco Rubio, who is of Cuban descent, slammed Obama for his planned trip to Cuba.
Rubio said if he was the president, he would not visit the island nation unless it were a "free Cuba".
The White House did not immediately comment on the potential trip of the US President to Cuba.
Obama's reported to visit Cuba comes roughly 15 months after his pledge with Cuban leader Raul Castro to reopen diplomatic channels following a prisoner exchange and the humanitarian release of US contractor Alan Gross in December 2014.
Thereafter the two countries have moved ahead to restore diplomatic ties after decades and the US lifted sanctions on Cuba. The two countries have also decided to resume direct flights.
Calvin Coolidge was the last US president to visit Cuba in 1928. He went there to address the Sixth Annual International Conference of American States in Havana.
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