Cavusoglu is slated to attend the first meeting of the Iran-Turkey Strategic Planning Joint Commission due to take place in Iran’s central city of Isfahan on Friday.
Turkey's embassy in Tehran told the Turkish-langue Anadolu Agency that Cavusoglu has been invited by his Iranian counterpart, Mohammad Javad Zarif, to attend the joint commission meeting of the two countries.
The Turkish top diplomat will arrive in Iran on Thursday, according to the report.
Iran and Turkey have ramped up efforts in recent years to boost bilateral trade, setting a $30-billion annual trade target and signing several agreements to enhance cooperation in various areas.
Turkey is one of Iran’s major trading partners in the region which has come under pressure from Washington to stop working with Tehran under a fresh wave of US anti-Iran sanctions.
Turkey has emphasized that US demands to stop purchasing oil and gas from Iran would go unheeded by Ankara.