According to Autosport, who spoke to Formula E CEO Alejandro Agag in an exclusive interview earlier this week, the deal is yet to be completed but negotiations between the city’s mayor Denis Coderre, race organisers and the FIA are at an advanced stage.
"We are in good discussion with them," Agag told Autosport.
"The idea is that, if we can find a track and make everything feasible, to race there for the opening race of the third season, in September."
It is reported that a street race is the preferred outcome, instead of the Formula One circuit at Notre Dame Island.
"The mayor wants to do it inside the city on a street circuit," said Agag.
"We don't want too many circuits which are not really inside the city.
"Even though Montreal is kind of on the edge, a street circuit would be better."
Rumours of a race in Paris were also confirmed, but Agag said that French capital has yet to approve the deal.
"It will not be very different – I think we may have one or two new races and maybe drop one," Agag added.
"We just need to make the final tweaks now, with the two possibilities I've mentioned [Mexico and Paris], but otherwise it will be fairly equal."