It is estimated that the amendment will be voted on by parliament soon.
The London-based newspaper al-Hayat reported that there are rumors in Ankara claiming Prime Minister Recep Tayyip Erdogan is considering running for the next presidential elections and that his party may move up the general elections.
Sources in the governing party told the paper that the ground is set for such changes.
Current Turkish President Abdullah Gul was elected in July 2007 after three voting rounds in parliament.
Contrary to previous years, no military officials attended his inauguration ceremony, despite the fact that the president serves as chief commander of the military.
Representatives of the secular opposition were absent from the ceremony as well, in what the local media described an act of protest against Gul.