The statement said that the Prime Minister and Pompeo will discuss "regional developments" and that Netanyahu will be accompanied by the head of Israel's intelligence agency Mossad, the head of the National Security Council and the Military Secretary.
The meeting comes a week after UN Ambassador Danny Danon told reporters that US President Donald Trump's administration officials had alerted Israel that they had finished structuring a peace plan and intend to present it early next year.
During his meeting with Netanyahu that time, Pompeo referred to Trump's unpublished plan for Israeli-Palestinian peace, saying that Washington was committed to a lasting peace.
The US administration has cut more than $500 million in Palestinian aid since the start of the Palestinian boycott.
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