MANILA- Former senator Ferdinand "Bongbong" Marcos Jr. denied Tuesday knowledge of a supposed compromise agreement between the government and his family for the return of a portion of their allegedly ill-gotten wealth.

This, after Chief Presidential Legal Counsel Salvador Panelo confirmed that lawyer Oliver Lozano, a supporter of the Marcos family, submitted to Malacañang a draft proposal for the return of a part of the Marcoses’ wealth to the government.

Panelo however clarified that no agreement has been reached.

• Palace denies compromise deal reached with Marcoses

Marcos in a statement denied knowledge of the supposed agreement and clarified that Lozano does not represent the late dictator's family.

"The Marcos family has no knowledge or information on that apparent exchange and service of document between Atty. Lozano and the office of Sec. Sal Panelo," he said.

"As a point of information, Atty. Oliver Lozano does not represent any member of the Marcos family or the estate of the late President Ferdinand Marcos," he added.

Copy of draft porposal of compromise agreement with the Marcoses obtained by ABS-CBN News from lawyer Oliver Lozano

Copy of draft porposal of compromise agreement with the Marcoses obtained by ABS-CBN News from lawyer Oliver Lozano

Copy of draft porposal of compromise agreement with the Marcoses obtained by ABS-CBN News from lawyer Oliver Lozano

Copy of draft porposal of compromise agreement with the Marcoses obtained by ABS-CBN News from lawyer Oliver Lozano

Copy of draft porposal of compromise agreement with the Marcoses obtained by ABS-CBN News from lawyer Oliver Lozano

Copy of draft porposal of compromise agreement with the Marcoses obtained by ABS-CBN News from lawyer Oliver Lozano

Copy of draft porposal of compromise agreement with the Marcoses obtained by ABS-CBN News from lawyer Oliver Lozano

Copy of draft porposal of compromise agreement with the Marcoses obtained by ABS-CBN News from lawyer Oliver Lozano

The possibility of reaching a deal with the Marcos family for the return of a portion of their ill-gotten wealth was first raised by President Rodrigo Duterte last year.

• Duterte confirms talking with Imee on return of Marcos wealth
• The Marcoses' ill-gotten wealth

The President, however, explained that Congressional approval is needed before his government could enter into a deal with the Marcoses as this could involve a possible grant of immunity.

• Duterte: Marcoses won't return wealth without immunity
• Gov't can't strike deal with Marcoses on ill-gotten wealth—ex-PCGG chief