An official with the Trump Organization said Thursday that the mega-developer has reached an agreement with the union that represents the Tavern's former employees.
Trump will now have to reach a deal with the city, which owns the restaurant.
Tavern on the Green closed a year ago after 75 years. It was once one of the world's top-grossing restaurants.
The city granted Central Park Boathouse operator Dean Poll the right to reopen the restaurant. But Poll was unable to cut a deal with the Hotel and Motel Trades Council.
The possible deal for Trump to run Tavern on the Green was reported in the New York Post and The Wall Street Journal.