The move comes amid continuing attacks carried out by members of the Iranian-backed Palestinian terrorist group, Hamas.
According to Axios, Israeli and American sources briefed on the call between the two leaders confirmed that Netanyahu had said, "we have to go in."
"We can't negotiate now," he added. "We need to restore deterrence."
The sources told the outlet that Biden did not try to dissuade Netanyahu from carrying out the operation.
On Monday, Israeli Defense Minister Yoav Gallant announced that he had ordered authorities to commence a "complete siege" of Gaza. "No electricity, no food, no fuel, everything is closed," he explained.
This is a breaking story and will be updated.