Hamas set to release 3 more Israeli hostages

LONDON -- Hamas militants have gathered in the city of Deir Al-Balah in the central Gaza Strip ahead of the expected release of three more Israeli hostages -- Eli Sharabi, Or Levi and Ohad Ben Ami -- as part of the ceasefire agreement.

Red Cross vehicles have also arrived at the location and will be transporting them once they are released.

A banner could be seen on the stage that reads in Arabic “We are the flood ... We are the day after” with an image of Netanyahu’s face as two Red Cross officials appeared on stage with a Hamas commander for a signing ceremony prior to the handover.

The three Israeli hostages -- Ohad Ben Ami, Eli Sharabi and Or Levi -- were then escorted one-by-one out of vehicles by Hamas militants and brought onto the stage. All three were able to walk and stand under their own power.

Meanwhile, the hostages’ families watched the events unravel on a television in southern Israel and they were seen crying at the sight of their loved ones.

This is a developing story. Please check back for updates.

ABC News' Morgan Winsor contributed to this report.