The statement comes shortly after the US and Egypt confirmed that new indirect talks on hostages and ceasefire with terrorist-stamped Hamas are underway.
Netanyahu says that "military and diplomatic pressure" has forced Hamas to open up to releasing the hostages still being held in Gaza.
The Israeli Prime Minister also confirms that he has ordered negotiators to travel to Egypt for the new talks with Hamas.
The intention is to limit the negotiations to a few days, says Netanyahu.
The White House announced earlier on Saturday that a US delegation will be sent to Egypt during the day. And Egyptian reports claim that the negotiations are expected to begin as early as Monday.
The Jewish holiday of Sukkot begins on Monday and lasts for a week.
Despite Netanyahu's optimism, he is being criticized by two of his most extreme ministers: Minister for National Security Itamar Ben-Gvir and Finance Minister Bezalel Smotrich.
If Hamas still exists after a possible agreement is reached, Ben-Gvir and his party intend to leave the government, according to a statement from the minister according to Haaretz.
Smotrich, in turn, calls Netanyahu's decision to pause the military operation in Gaza City and initiate new negotiations with Hamas a "serious mistake".
It is a "sure recipe" for "wasting time" and "eroding Israel's position".
