The troika plans to quit Greece and allow the Greeks to introduce their own reforms.
The troika wants to avoid political pressure from the far-left Syriza party that is set to win elections within two years. That party has threatened to tear up the agreement with the troika.
Discussions are still in their early stages but will gather pace as Greece and Brussels chart a new course for the country with its second European bailout programme due to end later this year
After Ireland and Portugal exited bailouts earlier this year, the EU/IMF inspectorate is now only active with Greece and Cyprus and many experts have expected Athens to require further help. The move will sooth public anger, sources say.