Three Israeli men held hostage in the Gaza Strip are set to be released on Saturday in exchange for more than 300 Palestinian prisoners held in Israeli jails.

Buses carrying some of the hundreds of Palestinian freed prisoners and detainees, some flashing victory signs as they hung from the windows.

Hamas-led militants released three male Israeli hostages Saturday and Israeli forces freed hundreds of prisoners in return, in the latest indication that a fragile ceasefire that had teetered in recent days is holding.

The families of Israeli hostages still held by the Hamas militant group have released the names of three hostages expected to be freed on Saturday.

Israel has released 369 Palestinian prisoners and detainees in the latest exchange for Israeli hostages captured by Hamas, as the fragile ceasefire held after a standoff over aid deliveries