But Turkey must still meet EU criteria, and the deal must be approved by the European Parliament and member states.
The EU fears that without a visa deal, Turkey will not control migration.
Turks look to EU to scrap visas
The large influx of migrants and refugees arriving in Europe from Turkey, and from North Africa, has caused a political crisis among EU states.
A formal announcement from the European Commission is due on Wednesday.
Analysis by Katya Adler
If the European Commission (the EU`s executive body) does make the recommendation this Wednesday that Turks be granted visa-free travel in Europe`s Schengen area, as whispers from well-placed EU sources suggest, then it will be doing so holding its nose and its breath.
The freedom of speech; the right to a fair trial; and revising terrorism legislation to better protect minority rights - these are just some of the criteria demanded by the EU of countries before it lifts visa requirements, even for short-term travel.
It is hard to see how Turkey could be described as meeting these conditions.
The government in Ankara increasingly cracks down on its critics in a manner more autocratic than democratic.
But these are desperate times for the EU. The European Commission and most EU governments are under huge public pressure to ease the migrant crisis.
My sources say the commission will therefore keep to the agreed script.
But they insist this is no blank cheque. Turkey will get the green light over visas this week to keep it sweet. But it will also be informed of the outstanding criteria it still needs to meet.
Under the EU-Turkey agreement, migrants who have arrived illegally in Greece since 20 March are to be sent back to Turkey if they do not apply for asylum or if their claim is rejected.
For each Syrian migrant returned to Turkey, the EU is to take in another Syrian who has made a legitimate request.
Under the agreement, Turkey must meet 72 conditions by 4 May to earn access to the EU`s Schengen area by the end of June, subject to full EU approval. Diplomats have suggested that fewer than 10 still need to be met.
Human rights groups question the deal`s legality and argue that Turkey is not a safe place to return people to.
Last month, however, European Council President Donald Tusk said the deal had begun to produce results.
He praised the Turkish government as "the best example in the world on how to treat refugees", despite criticism by rights groups of the agreement.
At the same time, Turkish PM Ahmed Davutoglu said his country had fulfilled its part of the agreement and that the issue of the visa waiver for the EU`s Schengen area was "vital" for Turkey.
