Matthew Rosenberg, a correspondent for the New York Times and CNN national security analyst, said he has spoken with people in Steele's orbit who confirmed the British ex-spy is willing to meet with "investigators close to the inspector general investigation".
Steele, who worked indirectly for the Clinton campaign and DNC, was interviewed by the special counsel twice in 2017, but has rebuffed congressional requests for in-person interviews.
But Fox News noted there are several investigations ongoing in the US related to the origins of the Russian Federation probe and how the dossier was used to obtain surveillance warrants for former Trump campaign adviser Carter Page.
Last month, President Trump gave Barr authority to declassify intelligence materials in relation to the FBI's Russian Federation probe and ordered several law enforcement agencies, to cooperate with the Durham's review.
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Steele compiled the Trump dossier for opposition research firm Fusion GPS, which was a client of Hillary Clinton's presidential campaign in 2016.
Those allegations have been all but debunked by the special counsel's investigation, which was unable to find a conspiracy between the Trump campaign and Kremlin to influence the election.
The Justice Department Office of Inspector General (OIG) is close to completing an inquiry into the FBI's handling of the FISA process and whether improper political considerations played into the bureau's surveillance of Page. He met with Federal Bureau of Investigation agents at other points before the election, as well as with members of the media, State Department and Justice Department officials.
Speaking recently with the Fox News Channel, Barr stated that the Justice Department is reviewing is whether "government officials abused their power and put their thumb on the scale" at the start of the FBI's counterintelligence operation against Trump campaign.
Steele's intelligence firm, Orbis Business Intelligence, did not respond to a request for comment.