Fugitive Al Qaeda leader Osama bin Laden, believed to be on the run in rugged terrain in the Afghan-Pakistani border region since the September 11 attacks five years ago, has become seriously ill and may have already died, a Saudi source tells TIME, echoing earlier reports in the French media.

The source, speaking on condition of anonymity, says that Saudi officials have received multiple credible reports over the last several weeks that Bin Laden has been suffering from a water-borne illness. The source believes that there is a "high probability" that Bin Laden has already died from the disease, but stressed that Saudi officials have thus far received no concrete evidence of Bin Laden's death.

"This is not a rumor," says the source. "He is very ill. He got a water-related sickness and it could be terminal. There are a lot of serious facts about things that have actually happened. There is a lot to it. But we don't have any concrete information to say that he is dead."

On Saturday, the French newspaper L'Est Republicain cited a report by the French intelligence service, Direction Generale des Services Exteriors (DGSE), saying that Saudi intelligence officials "seem to have become convinced that Osama bin Laden is dead." The report quoted by the newspaper said the Saudis believe bin Laden "might have succumbed to a very serious case of typhoid fever resulting in partial paralysis of his lower limbs while in Pakistan on August 23, 2006."

The DGSE report quoted by L'Est Republicain said that its information on the Saudi findings came from a "usually reliable source," indicating that it did not necessarily come directly from Saudi intelligence officials. The DGSE report cited by the newspaper said that Bin Laden's geographic isolation made it difficult for him to receive proper medical assistance for his ailment...

Former Secretary of State Madeleine Albright told Fox News Channel analyst Morton Kondracke yesterday she suspects President Bush knows the whereabouts of Osama bin Laden and is simply waiting for the most politically expedient moment to announce his capture.