The highly secretive meeting being held in Queenstown this weekend is a gathering of intelligence and security agencies related to the Five Eyes spying network, the Herald understands.
Among the people believed to be attending are Federal Bureau of Investigation (FBI) director James Comey and Central Intelligence Agency (CIA) director Mike Pompeo.
It is understood about 15 agencies which carry out intelligence for Five Eyes - the spying partnership of the United States, Australia, Canada, the United Kingdom and New Zealand - are attending the conference.
Sir John Sawers, the former head of MI6, said the prospect of a potential Five Eyes meeting in Queenstown this weekend is a good sign at a time when tension builds up on the Korean peninsula.
In a statement released yesterday, a spokesman for Prime Minister Bill English confirmed a number of senior officials were coming for a conference hosted by the Government, but would not reveal what the conference was.
"Due to specific security requirements we cannot comment further at this time. However, as police have pointed out they are not aware of a visit to Queenstown by a current or former head of state."
Speculation about the visit was sparked after the Otago Daily Times reported a "very, very important person" was set to arrive in the region and strong security measures were underway in preparation.
The ODT said it was understood the operation would continue for about a week with golf featuring on the itinerary.
Comey has in the centre of several high-profile controversies over the the last five months, firstly when he reopened an investigation into Hillary Clinton's use of a private email server just before the US Presidential election, and more recently when his agency launched an investigation into Russia's influence over the US election.
Visits by the top spies are usually kept under wraps, although former Prime Minister John Key last year disclosed the then US director of intelligence Jim Clapper was in town when asked why a US plane was at the military terminal in Wellington.
Clapper visited on his way to Australia for a Five Eyes conference.
It is not known which Government ministers are attending the Queenstown conference.
Minister for the Government Communications and Security Bureau (GCSB) and Security Intelligence Service (SIS) Chris Finlayson's is expected to attend the conference.
A spokesman for Police Commissioner Mike Bush refused to comment.
Police Minister Paula Bennett is on holiday and will not be attending.
Comey was last in New Zealand in March 2016, when he met with Finlayson and Bush.