Under the since-scrapped project, the Trump Organization would have received "a $4 million upfront fee, no upfront costs, a percentage of the sales and control over marketing and design," according to the news outlet, which cited an October 2015 Trump Organization document.
Trump signed a letter of intent for the project, but it eventually fizzled out.
The abandoned deal has come under increased scrutiny recently as investigations focus on Russian efforts to influence the 2016 election and whether the Trump campaign colluded with the Kremlin. As questions about Russia mounted, Trump previously said he had "nothing to do" with the country.
Trump and his top aides have repeatedly denied any collusion with Russia.
The Trump Organization did not immediately respond to CNBC's request to comment on the report or the document's accuracy.