Receiving the draft bill would allow Aquino to quickly submit it to Congress so it could be quickly passed into law and implemented before the president's term ends in mid-2016, Aquino's spokesman Herminio Coloma said.
Aquino on Monday will be handed the draft forged by government negotiators and the Moro Islamic Liberation Front (MILF), the country's main Muslim rebel group as part of the peace process, he told reporters.
"The president will prioritise and give his attention to this bill so it can be passed by Congress... as soon as possible in accordance to the roadmap and timetable," he said.
Coloma said they wanted the law passed quickly so the election of the leaders of the Muslim self-rule area could be held alongside the 2016 national elections.
The 12,000-strong MILF has been fighting since the 1970s for an independent or autonomous homeland for the nation's Muslim minority in a conflict which has claimed tens of thousands of lives.
The group signed the peace agreement with the government in March where both sides would work to create an autonomous area in the southern Philippines which they consider their ancestral home.
However the process ran into difficulties after the draft bill was submitted to Aquino for review in April by a joint commission of MILF and government representatives.
The president's legal team later ordered a series of changes that frustrated the MILF, which last month accused the government of trying to renege on the terms of the peace agreement.