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Trump made his remark as he was being interviewed by former Arkansas Governor Mike Huckabee in the inaugural episode of his “Huckabee” show, broadcast by TBN Network on Saturday evening.

Speaking about his campaign promise to relocate the US embassy from Tel Aviv to Jerusalem, which has somewhat stalled since he came to power, Trump said the move could wait until what he called the “ultimate” peace deal is tried out.

“I want to give that a shot before I even think about moving the embassy to Jerusalem,” Trump said.

However, he admitted there's little faith in the peace plan.

“We’re working on a plan that everybody says will never work,” he said, adding that while “most people say it’s an impossible deal,” he wants to give it a chance.

“I don’t think it is impossible. And I think it’s something that can happen, and I’m not making any predictions,” Trump said.

The US president didn't cite a specific timeframe for the embassy move in case the deal does fail.

“We’re going to make a decision in the not-too-distant future,” he said instead.

No details of any possible Israeli-Palestinian deal have been revealed so far.