A bus carrying the released Palestinians has left Israel's Ofer Prison and was en route to the Palestinian city of Beitunia accompanied by a team of the International Committee of the Red Cross (ICRC), the broadcaster reported.
Relatives and friends were gathering in Ramallah to welcome them home, the report said.
A list of those to be released, posted on Telegram by Hamas on Thursday, included eight women and 22 teenagers.
The ICRC said late on Thursday that it had transferred eight hostages released by Hamas to Israeli authorities. The office of Israeli Prime Minister Benjamin Netanyahu earlier confirmed the return of six more hostages, bringing the total number of hostages released by Hamas during the seven-day humanitarian pause to 110 people.