Hamas released four women, while Israel also transferred 200 people, after mediation by Red Cross officials in Gaza.
Hamas named the four women as Karina Ariev, Daniella Gilboa, Naama Levy and Liri Albag, who have been held captive for more than a year.
The release of prisoners on both sides is part of the ceasefire agreement recently reached by both sides of Hamas and Israel.
Buses carrying Palestinian prisoners have arrived in Gaza, with large crowds welcoming them.
The Israel Defense Forces (IDF) said the four detainees who returned to Israel were reunited with their parents.
They added that their employees are accompanied by women, who will first undergo a preliminary medical examination.
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