A deal for the Chinese parent company of popular video-sharing app TikTok to sell its US operations would see the creation of a board dominated by Americans, the White House said on Saturday.

"There will be seven seats on the board that controls the app in the United States, and six of those seats will be Americans," White House press secretary Karoline Leavitt told Fox News.

She said a deal could be signed "in the coming days."

The United States has forcefully sought to take TikTok's US operations out of the hands of Chinese parent company ByteDance for national security reasons.

Under US President Donald Trump's predecessor Joe Biden, Congress passed a law to force ByteDance to sell its American operations or face a ban of the app.

Trump has repeatedly pushed off implementation of the ban while a deal has been sought.

Investors reportedly being eyed to take over the app include Oracle, the tech firm owned by Larry Ellison, one of the world's richest people -- and a major Trump supporter.

Leavitt seemed to confirm Oracle's participation.

"The data and privacy will be led by one of America's greatest tech companies, Oracle, and the algorithm will also be controlled by America as well," she told Fox News.

"So all of those details have already been agreed upon. Now we just need this deal to be signed."

President Xi Jinping and Trump discussed the matter in a phone call on Friday.

Trump said that Xi "approved" the deal during the phone call but then said, "We have to get it signed."

China did not confirm any agreement.

"We're going to have a very, very tight control," Trump said. "There's tremendous value with TikTok, and I'm a little prejudiced because I frankly did so well on it." (AFP)