Wells Fargo & Co. is reportedly in discussions to sell its student loan portfolio to an investor group including private equity giants The Blackstone Group Inc. and Apollo Global Management Inc., Bloomberg News reported, citing people familiar with the matter.

The parties could enter into an agreement within weeks, the news outlet added, citing one of the sources, while another person said student loan servicing firm Nelnet Inc. will service the loans.

While it is not known how much the portfolio would sell for, a person familiar with the matter previously told Bloomberg that the portfolio includes approximately $10 billion in student loans.

Representatives for Apollo, Blackstone and Wells Fargo declined to comment on the matter, according to Bloomberg.