Turkish President Recep Tayyip Erdogan and Israeli Prime Minister Benjamin Netanyahu plan to meet early next month as they seek to mend frosty relations between the two countries, Bloomberg has learned.
Erdogan and Netanyahu could meet in Ankara in July, schedules permitting, according to the people.
Turkish government and Israel's embassy in Ankara declined to comment.
Although relations between the two countries came to a standstill after Israel's 2010 raid on the Mavi Marmara, a Turkish ship bound for Palestine, full diplomatic relations resumed in August last year. Once close military allies, Türkiye and Israel have increased cooperation in tourism and trade.
Israeli President Isaac Herzog met with Erdogan early last year, an important first step in repairing relations.
Türkiye and Israel remain divided over the status of Palestinian territories. Israel also accuses Ankara of supporting Hamas, the Islamic militant group that runs the Gaza Strip.
A gas agreement may help heal the rift, the people said. Netanyahu's office said Sunday that Israel would allow the development of a field off Gaza as part of efforts to bolster the ailing Palestinian economy and maintain regional calm.
Türkiye's exports to Israel increased 11% to $7 billion last year, while imports were around $2.5 billion, according to official Turkish government data.