The suspected mastermind behind the Paris terror attacks has reportedly been killed by French Police.

During a seven-hour operation, hundreds of police officers raided the Parisian neighbourhood of Saint-Denis. They stormed their target building and left at least two people dead, including terror suspect Abdel­hamid Abaaoud and a female suicide bomber.

"I’m not in a position to give a precise and definitive number for the people who died, nor their identities."

The French authorities have not yet confirmed the identities of the dead suspects.

Paris prosecutor Francois Molins was quoted by Star Tribune as saying: "At this time, I’m not in a position to give a precise and definitive number for the people who died, nor their identities, but there are at least two dead people.

The French authorities have been searching for the perpetrators of last week’s bombings and shootings at the Bataclan concert venue, Le Carillon bar, restaurants La Belle Equipe, Le Petit Cambodge and La Casa Nostra, and the Stade de France in Paris.

French officials were quoted by The Associated Press as saying that analysis indicates an additional person was directly involved in the attacks.

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The Belgian police have reportedly arrested seven suspects in total.

The Islamic State of Iraq and the Levant (ISIL) has claimed the responsibility of the attacks that killed nearly 130 people.