In the case of Huawei CFO Meng Wanzhou, who has been stuck in Canada for years, a solution is emerging.

The US Department of Justice wants to inform the court in New York on Friday about a lifting of serious allegations, according to court documents.

The Wall Street Journal reported that an agreement with the prosecutors provided that Meng would admit to some wrongdoing, while the grave allegations of bank fraud would be dropped.

According to the New York Times, she will then be allowed to travel back to China.

The Huawei CFO and daughter of the company's founder Ren Zhengfei was arrested in December 2018 at the instigation of the American authorities in Vancouver, Canada.

The American government accuses her, among other things, of circumventing the sanctions against Iran.

Meng defends himself in the lengthy process against extradition to the United States.

The case has ramifications for international relations beyond Huawei.

Shortly after Meng was arrested, China arrested two Canadian businessmen.

In August one of them was found guilty of espionage and obtaining state secrets and sentenced to 11 years in prison.

Canada sentenced the prison term.