The long-running dispute over pay, conditions, base transfers and annual leave has resulted in cancelled flights across Europe.
Image:The breakthrough came after a marathon 22-hour negotiating session
An agreement has been reached in talks between Ryanair and a pilots' union which could bring an end to disruptive strikes.
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Negotiations had been continuing to try to resolve the long-running dispute over pay, conditions, base transfers and annual leave that has resulted in cancelled flights across Europe.
In a statement the Forsa union said: "Following a 22-hour negotiating session, which began on Wednesday morning and concluded Thursday morning, agreement has been reached between Forsa and Ryanair in the pilots' dispute.
Video:Ryanair apologise after cheques bounce
"The proposed agreement will now go to ballot, with a recommendation for acceptance from Forsa and its Ryanair pilot representatives.
"The union has been asked by facilitator Kieran Mulvey to make no public comment while the ballot is conducted."
It gave no further details of the agreement.
Video:Passenger's outrage at Ryanair walkouts
The Irish low-cost airline also confirmed the breakthrough in talks and said it would take the proposals to its board in due course after the vote.
It comes after five days of strike action by its Ireland-based pilots, affecting thousands of passengers.
Earlier this month, a walkout by pilots in five countries - Ireland, Germany, Sweden, Belgium and the Netherlands - resulted in 400 flights Europe-wide being cancelled, disrupting the plans of an estimated 55,000 passengers.
The budget airline apologised to customers on Wednesday after cheques they received compensating them for cancelled flights bounced.
Last month, it hit back at striking pilots by publishing staff pay and benefit details online, claiming pilots earned between €190,000 and €220,000 (£169,000 and £195,000) a year.
It also said cabin crew earned up to €40,000 (£36,000) a year - "more than double the living wage".
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