Arakhamia did not say when the move would be formalised.
The imminent shakeup was also reported by several Ukrainian media outlets citing sources as well as another lawmaker, Yaroslav Zheleznyak, writing on Telegram.
Budanov, 37, is an enigmatic intelligence operative decorated for his role in classified operations who rapidly rose through the ranks to head up Ukraine’s Main Directorate of Intelligence.
Arakhamia said Reznikov would be made minister of strategic industries.
His exit from the defence ministry would be the highest profile government change in a slew of resignations and sackings following a corruption scandal late last month.
The shakeup coincides with Ukrainian fears that Russia is planning a major new offensive this month. Ukraine is planning its own counter-offensive but is waiting on Western supplies of battle tanks and infantry fighting vehicles.
MILITARY AID OVERSEER
Asked earlier at a news conference about media reports of his possible exit from the ministry, Reznikov told reporters that any decision was up to Zelenskyy.
As a wartime defence minister, Reznikov, 56, fostered ties with Western defence officials and helped oversee the receipt of billions of dollars of military aid to help Kyiv fend off the Russian invasion.
Reznikov singled out Ukraine’s “de facto” integration into the NATO military alliance as a top priority, even if joining the bloc was not immediately possible de jure.
During his tenure as defence minister, he spoke out strongly about wartime corruption, which he said was akin to “marauding”.
But in recent weeks his own defence ministry became embroiled in a corruption scandal over an army food contract that envisaged paying vastly inflated prices. It caused a public outcry.
One of his deputy ministers has been fired, and two other senior officials have also since left their posts.
The scandal prompted Zelenskyy to embark on a major reshuffle that saw the exit of an array of regional governors, deputy ministers and other officials.
Reznikov hosted a news conference on Sunday afternoon, in which he said Ukraine expected a possible major Russian offensive this month, but that Kyiv had the resources at hand to hold them at bay.
He also said that his ministry’s anti-corruption department needed to be overhauled and that it had not done what it was supposed to do.
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