Solana made the comments on Saturday at a lecture in London. The Palestinians have said they will not revive peace talks unless there is a halt to Israel's settlement activities in the West Bank.
"After a fixed deadline, a UN Security Council resolution should proclaim the adoption of the two-state solution," Solana said, adding this should include border parameters, refugees, control over the city of Jerusalem and security arrangements.
"It would accept the Palestinian state as a full member of the UN, and set a calendar for implementation. It would mandate the resolution of other remaining territorial disputes and legitimize the end of claims," Solana went on.
Advocating a return to Israel's borders before the 1967 Six-Day War with Egypt, Syria and Jordan in which it took the West Bank and other territories, Solana said mediators should set a timetable for a peace agreement.
By Reuters