The deal would depend on US President Donald Trump reversing the ban on Ankara's purchase of the latest-generation American fighter jets, the report noted.

While in a bilateral meeting with Turkish President Erdogan, President Trump announced the U.S. will lift Turkey sanctions and that he is considering selling them F-35s.

The report comes as Trump heads to Ankara for a NATO summit, where he is expected to meet Erdogan. The summit is set to begin on Tuesday evening.

President Donald Trump is considering selling F-35 jets to Turkey despite a congressional ban put in place during his first term.

Trump said that his secretary of state and treasury secretary were working on the issue.