The president's current personal lawyer confirmed the conversation and said it showed Trump did nothing wrong, according to the Times.

Citing lawyers and others familiar with the recording, The Times said attorney Michael Cohen made the recording two months before Trump's 2016 election. The newspaper said the FBI seized the recording during an April raid on Cohen's office amid an investigation into his business dealings.

People familiar with the investigation have told The Associated Press that the raid sought, among other things, any information on payments made in 2016 to former Playboy model Karen McDougal, who says she had an affair with Trump in 2006. He denies it.

The Wall Street Journal revealed, days before the election, that the National Enquirer — run by Trump supporter David Pecker — had paid $150,000 to silence McDougal. At the time, Trump campaign spokeswoman Hope Hicks said, "We have no knowledge of any of this."

Trump lawyer Rudy Giuliani told the Times the Republican president did discuss the payments to McDougal with Cohen on the less than two-minute-long recording, but that the payment was never made.

Giuliani says Trump told Cohen that if he did make a payment, to do it by check so it could be documented.

"Nothing in that conversation suggests that he had any knowledge of it in advance," Giuliani told the newspaper. "In the big scheme of things, it's powerful exculpatory evidence."

Giuliani and Cohen haven't immediately responded to messages from The Associated Press.  Cohen lawyer Lanny Davis declined to comment to the Times.

McDougal's lawyer, Peter Stris, did not immediately respond to a message.

Cohen, a self-described fixer for Trump for more than a decade, said last year that he "would take a bullet" for Trump. But Cohen told an interviewer earlier this month that he now puts "family and country first" and won't let anyone paint him as "a villain of this story."