Prosecutors have at least 12 recordings by Trump lawyer Cohen

'This is not the only tape': Stormy Daniel's lawyer claims more Trump recordings

Avenatti says Cohen has more Trump tapes

"I know the substance of some of the tapes", Avenatti told ABC News Chief Anchor George Stephanopoulos on "This Week" Sunday.

"Nothing in that conversation suggests that he had any knowledge of it in advance", he told The New York Times, which originally disclosed the recording Friday. Later, he said that Trump and Cohen had actually discussed buying the rights to McDougal's story from the Enquirer, a move that would have effectively reimbursed the newspaper for its payments to her.

McDougal said she had a 10-month "romantic relationship" with Trump.

The Enquirer's payment to McDougal gave the tabloid the exclusive rights to any story she might ever wish to tell about having an affair with a married man.

It's rather telling, actually, that neither Daniels nor McDougal felt the need to go public about their alleged affairs until Donald Trump ran for president. The lawsuit was settled in April.

Giuliani claimed that the tape was exculpatory for Trump.

Prosecutors are apparently interested in payments he made on Trump's behalf to porn actress Stormy Daniels, and other business dealings related to Trump.

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Trump has denied the affair from the beginning and now seems outraged that Cohen would record such a conversation - even hinting that it might be illegal.

Rudy Giuliani, the President's new lawyer, has confirmed the conversation but said that no money changed hands. But the recording is legal, according to NY law. "You know, that old adage, 'You've lived by the sword, you die by the sword, ' is going to be true in this case, because the president knew that his attorney, Michael Cohen, had a predisposition towards taping conversations with people". Dershowitz said that Cohen is "not allowed to cooperate with anybody if there's lawyer-client privileged material".

"All of the information that the Federal Bureau of Investigation seized, that's not under lock and key", he said, adding: "I could have received it from Michael Cohen". "The only way that it would be improper for me to have it is if I got it from the Federal Bureau of Investigation or somebody in law enforcement. I could have received it from Michael Cohen; I could have received it from Michael Cohen's counsel; I could have received it from others".

Avenatti concluded by saying Cohen can't decided what to do amid his ongoing legal troubles, but the former Trump attorney needs to hurry up and make a decision about whether to flip or not. But he added, "I think we need to chill a little bit", as this might be all for naught, that it might well be a nothingburger.

Cohen paid Daniels $130,000 as a part of a nondisclosure agreement signed weeks before the 2016 election.

In a statement, Cohen's attorney, Brent Blakely, said that neither he nor his client had cooperated with or provided any information to Avenatti.

Avenatti first claimed about the existence of such purported audio recordings well back in the month of May this year. "The conversations include conversations with Mr. Trump".

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