Israeli Prime Minister Benjamin Netanyahu is holding security consultations at the headquarters of the Israeli army in Tel Aviv, meeting with defence and security chiefs.
According to a report in Israel's Channel 12 Netanyahu is preparing for war with Hezbollah, although it is hoped that military action against the group could compel it into negotiations.
One senior official was quoted as saying that "Israelis must be prepared for dramatic days in the north."
Meanwhile, the Times of Israel is reporting that military sources told the publication that military officials will be presenting Netanyahu with plans for the north which would see the return of displaced Israeli's to their homes without a widening conflict.
Amid the reported meetings Israel has ramped up its air campaign in south Lebanon, with new reports in Haaretz reporting that the Israeli military has struck 50 targets in past hour.