In an interview with the Italian newspaper Corriere della Sera, Moammar Gadhafi's son, Saif al-Islam Gadhafi, said in an effort to end the conflict in Libya, his father was willing to hold elections as early as three months from now.
"Let's go to the polls," the paper quotes Saif Gadhafi as saying. "And may the best win."
Russia's state news agency RIA Novosti reports that Saif said his father was willing to allow international representatives to monitor the elections:
"We are ready to host representatives of the EU, the African Union, the UN and NATO," he said.
If Gaddafi's opponents win the election, Gaddafi will never leave Libya "because he was born here and this is where he will die," his son said.
Ahead of the elections, a new constitution needs to be worked out, he said.
"I believe that in the future Libya will be comprised of strong local autonomies and a weak federal government in Tripoli," al-Islam said.
The AP reports the concessions come after another day of NATO bombing in Tripoli. The AP also reports that Italy and Russia have stepped up diplomatic efforts.
Italy plans to bring together some 300 tribal leaders to "promote reconciliation," while Russia's envoy to Libya Mikhail Margelov said the Gadhafi regime would like to see the African Union and the United Nations oversee the disarmament of both sides, reported RIA Novosti.
Update at 1:07 p.m. ET. U.S. Rejects Election Proposal:
Reuters reports the U.S. doesn't think much of Gadhafi's offer to hold elections:
State Department spokesperson Victoria Nuland told reporters at her daily briefing: "I think it's a little latefor that," and repeated the U.S. view that "it's time for him(Gaddafi) to go."