The two ministers last met in Qatar on August 3 when Lavrov, Jubeir and US Secretary of State John Kerry held a three-way meeting, with the situation in Syria topping the agenda.
The ministers will continue "a discussion on ways to resolve the crisis in Syria," the Russian foreign ministry said, as reported by AFP.
Moscow said topics would include the "sharp growth in strength of various extremist groups, primarily the so-called Islamic State".
"The ministers will discuss the possibility of Russia-Saudi cooperation in fighting terrorism, which is in the interests of both countries," the ministry said.
It said they would discuss Russia's proposal to create a "broad international coalition to fight ISIL gunmen inside Syria."