The US weekly magazine Time reported that Osama bin Laden is seriously ill with a water-borne illness and could already be dead.

The Time report said that Saudi officials had received "multiple credible reports" over previous weeks that bin Laden was seriously ill, and with a "high probability" was dead.

"This is not a rumour," Time quoted the source as saying. "He is very ill. He got a water-related sickness and it could be terminal. There are a lot of serious facts about things that have actually happened. There is a lot to it. But we don't have any concrete information to say that he is dead."

The Time report came soon after a French newspaper sensationally broke the news that al Qaeda leader Osama bin Laden has died of typhoid in Pakistan last month.

L'Est Republicain quoted a French secret service report dated September 21, according to which Saudi Arabia is convinced that bin Laden is dead.

The Saudi government has denied report.

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