Christian Tybring-Gjedde, a member of Norway's Parliament, said he submitted the nomination.
Israel and the UAE agreed last month to establish full normalization of relations. Leaders of both nations said Trump played a major role in the agreement.
In the nomination letter, Tybring-Gjedde wrote that Trump and his administration helped foster the Israel-UAE deal.
“As it is expected other Middle Eastern countries will follow in the footsteps of the UAE, this agreement could be a game changer that will turn the Middle East into a region of cooperation and prosperity,” he wrote.
Trump's role in helping facilitate contact between conflicting parties and "creating new dynamics" in other situations, including the decades-long conflict between North and South Korea, was also cited.
And the Norwegian official praised Trump for being the first U.S. president to avoid launching a new war since Jimmy Carter, who left office in 1981.
“Indeed, Trump has broken a 39-year-old streak of American presidents either starting a war or bringing the United States into an international armed conflict. The last president to avoid doing so was Peace Prize laureate Jimmy Carter,” he wrote.
Tybring-Gjedde previously nominated Trump for the Nobel Peace Prize in 2018, the same year Japan's prime minister reportedly submitted a nomination.
“I’m not a big Trump supporter,” he told Fox. “The committee should look at the facts and judge him on the facts—not on the way he behaves sometimes. The people who have received the Peace Prize in recent years have done much less than Donald Trump. For example, Barack Obama did nothing.”
Obama, the U.S. president from 2009 to 2017, was awarded the Nobel Peace Prize in 2009.
"Obama has as president created a new climate in international politics. Multilateral diplomacy has regained a central position, with emphasis on the role that the United Nations and other international institutions can play. Dialogue and negotiations are preferred as instruments for resolving even the most difficult international conflicts," it said.
"The vision of a world free from nuclear arms has powerfully stimulated disarmament and arms control negotiations."
A committee spokesman told The Epoch Times on Wednesday that it could not comment on Trump's reported nomination, citing a confidentiality clause.
"Due to the 50 years confidentiality clause, neither the names of nominators nor of nominees may be divulged until 50 years have elapsed," he said via email.
The 2021 award will be bestowed in October next year. This year's award is being announced next month.