This process is expected to lead Turkish Cypriot football clubs to be recognized officially by Union of European Football Associations (UEFA).
Blatter, who spoke to press after visiting Pope Francis in Vatican, said, "We have the solution. We are working on it for six years. Greek Cypriot administration has approved it. We are expecting approval from the Turkish side, hopefully to be received by the end of this month."
Blatter said the agreement will not lead to a united Cypriot national team, while Turkish and Greek football teams may be playing in a combined league in Cyprus.