Two sources familiar with the attempted bombing attempting to remain anonymous due to the sensitivity of the problem confirmed the details published for the first time on Friday morning in Yedioth Ahronoth.
The bomb was found on the side of a road between the Palestinian villages Beit Liqya and Beit & Anan, south of Route 443 in Area C, which is under full Israeli control.
IDF convoys often travel while on their way to perform military operations in Palestinian villages, such as overnight stays of wanted terror suspects.
The bomb was assembled with two gas cylinders attached to an explosive and containing a large number of nails.
It was discovered by the Palestinian security forces and dismantled by the Palestinian engineering departments. According to the officials, the Israeli security forces were immediately informed of the bomb.
The incident is still fully investigated and the first suspicions indicate that the methods used in the attacked attack are also those used by Hezbollah and Islamic Jihad.
Beit Liqya is home to a small number of activists affiliated with Islamic Jihad, but security forces are also investigating the possibility that others are connected to Hezbollah's terror group and trying to determine whether they were responsible for planting the bomb.
One of the sources said that the working assumption is that the people who planted the bomb tried to carry out the attack in the near future during the days when the negotiations would take place between Hamas and Israel to put an end to months of fighting who have threatened to drag the two parties into another conflict.
The size of the bomb suggested an intention that the attack would be extremely powerful and suffer many victims.
As far as we know, the incident is the second time the Palestinian security apparatus has planted bombs on the roads that were intended to blow up IDF troops.
At the beginning of the year, the Palestinian security services discovered 12 barrel bombs
planted along a road in the Tulkarm area, a Palestinian safety source told Ynet.
The explosives were found on a road connecting the Palestinian villages Attil and Illar in Area A of the West Bank, which is under full control of the Palestinian Authority.