Israel is planning to revive bids for a sixth Dolphin Class naval vessel with Germany, an Israeli official said.

Israeli Prime Minister Binyamin Netanyahu will raise the matter with German Chancellor Angela Merkel to sell the submarine at a higher discount, on his upcoming visit to Berlin.

Negotiations on the submarine deal were held up last year after Germany declined to underwrite it.

Israel is on a higher defence spending spree due to political unrest in the Middle East and has sought up to a third off the $500m-$700m price for the new submarine.

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The diesel-powered Dolphin Class submarines are regarded as an Israeli deterrence against Iran, according to Reuters.

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About three submarines of the same class are currently in service with Israel and another two are expected to be delivered in the next two years.