The Duke already has a project aimed at tackling violence and gangs in Nottingham – and is expected to expand it later this year.
Staff at the Royal Foundation, the charity of the Duke and Duchess of Sussex, and the Duke and Duchess of Cambridge, have been tasked with speaking to young people about the key causes of violence, The Sunday Telegraph reported.
They will be reporting back to Prince Harry on their ideas, the newspaper said.
The Foundation's annual reports give hints that a new project could be on the cards, stating: "The Duke of Sussex wants to tackle knife crime beyond Full Effect in Nottingham."
Full Effect, which works on helping divert young people away from crime and gang violence, will be five years old later this year – and is an issue close to the Prince's heart.
It helps with a combination of early intervention, mentoring and education to help at risk kids stay away from crime.
And the Royal Foundation report adds: "Looking ahead to 2018… we also expect to see new projects on tackling knife crime, further work on conservation, supporting seriously injured veterans, and the expansion of Coach Core."
The news comes just after the latest crime stats showed another huge hike in knife crime and other violence.
Murders have soared to their highest level in ten years – and knife crime has soared too to a seven-year-high.
Prince Harry has spoken about his desire to help tackle crime and the problems people involved in it face in the past.
He visited a radio station in Brixton with Meghan a few months after the pair got engaged – which was set up in 2008 following a rise in knife crime.
The Duchess of Sussex as "lots of ideas she would like to pursue, particularly around female empowerment", the annual report adds, but the trust has yet to announce what causes she wants to support.
Speaking at the Royal Foundation Forum earlier this year, he said:
"At the back end of last year, knife crime skyrocketed,” he said.
"I spoke to some of the people at the Royal Foundation and said right, knife crime, let’s look into it.
"But in reality knife crime is a symptom of a cause.
"So therefore go and speak to the young people, which is what we’re doing.
"Speak to those communities and listen to what they think the problems are and then rewind it all the way back to go what is the root cause of all of this."
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