Turkish President Recep Tayyip Erdogan
Turkish President Recep Tayyip ErdoganReuters

Prime Minister Binyamin Netanyahu and Turkish President Recep Tayyip Erdogan will meet for the first time since the 2010 Mavi Marmara incident, Channel 1 News reported on Sunday.

According to the report, the meeting will take place next week in New York during the UN General Assembly.

The meeting was agreed upon in secret contacts between Jerusalem and Ankara and was made possible after Erdogan added his signature to the reconciliation agreement signed between the two countries, according to Channel 1.

Under the deal, Israel will pay Turkey $20 million in compensation for the deaths of 10 pro-Hamas Turkish assailants who attacked Israeli soldiers during a raid on a Gaza-bound Turkish aid ship in 2010.

Israeli cabinet ministers approved the deal with Turkey in late June but Ankara did not send it to parliament until late August because of time pressure following the July 15 attempted putsch by a rogue military faction.

The agreement also provides for normalization of relations, the removal of sanctions the countries have imposed on one another, an increase in the level of diplomatic relations and an exchange of ambassadors.

Turkey’s Foreign Minister, Mevlut Cavusoglu, indicated recently that Turkey and Israel would begin the process of swapping ambassadors "in the coming days".