19 November 2014
Last updated at 20:31 ET
Announcing the agreement in Havana, Cuban and Norwegian
officials acting as mediators said the hostages would be released as
soon as possible.
However, the details of the agreement were not released.
Peace talks between the two sides were suspended after the men were captured by the left-wing rebels at the weekend.
Ruben Dario Alzate is the first Colombian general to be abducted in 50 years of conflict.
The rebels said they seized the men because they were unhappy at the continuation of Colombian military activities during peace talks.
Farc negotiator Pablo Catatumbo had earlier called for a bilateral ceasefire.
President Juan Manuel Santos had demanded the men's release before peace talks could resume.
Talks in doubt
Colombia kidnap: Farc agrees conditions for release
The soldiers were captured by Farc rebels in a remote jungle region at the weekend
Colombia's
Farc rebels have reached an agreement with the government over the
conditions necessary for releasing an army general and four others.
However, the details of the agreement were not released.
Peace talks between the two sides were suspended after the men were captured by the left-wing rebels at the weekend.
Ruben Dario Alzate is the first Colombian general to be abducted in 50 years of conflict.
The rebels said they seized the men because they were unhappy at the continuation of Colombian military activities during peace talks.
Farc negotiator Pablo Catatumbo had earlier called for a bilateral ceasefire.
President Juan Manuel Santos had demanded the men's release before peace talks could resume.
Talks in doubt
Cuban diplomat Rodolfo Benitez and Norwegian official Rita Sandberg confirmed the agreement in Havana on Thursday.
However, they gave no further indication of when the conditions would be met or what they were.
An estimated 220,000 people have died in five decades of armed conflict in Colombia.
Brig Gen Alzate was travelling along the Atrato river in the northern province of Choco by boat when he was captured along with two companions.
Two more soldiers were captured by Farc in Arauca a week earlier.
The capture of the soldiers has cast doubt over peace talks between Farc and the government that have lasted for two years.
However, they gave no further indication of when the conditions would be met or what they were.
An estimated 220,000 people have died in five decades of armed conflict in Colombia.
Brig Gen Alzate was travelling along the Atrato river in the northern province of Choco by boat when he was captured along with two companions.
Two more soldiers were captured by Farc in Arauca a week earlier.
The capture of the soldiers has cast doubt over peace talks between Farc and the government that have lasted for two years.
Related Stories
From other news sites
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Bangkok Post Colombian government and FARC in deal to free general 19 mins ago
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Financial Times* Colombian rebels agree to free hostages 40 mins ago
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Guardian.co.uk Farc rebels admit capturing Colombian general but want talks to resume 31 hrs ago
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Telegraph Farc confirm they have kidnapped Colombian general 33 hrs ago
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The Economist Peace interrupted 54 hrs ago
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