Washington( CNN) The FBI is in possession of sound recordings between President Donald Trump and his former personal attorney Michael Cohen in which the two men prior to the election discuss a payment to a former Playboy model who has alleged an affair with Trump, Rudy Giuliani and a source familiar with the matter told CNN Friday.

The recording about the former Playboy model, Karen McDougal, was among the troves of documents and materials confiscated in the FBI raid of Cohen's hotel, mansion and office earlier this year amid a criminal investigation of Cohen by the US attorney's office for the Southern District of New York. A transcript of the recording was reviewed by the Trump legal squad, which does not believe it poses a legal problem for the President.

The President has waived privilege on the McDougal recording, said two sources providing information on legal discussions surrounding the materials confiscated in April.

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