USviewer: The plan would create a Joint Implementation Group in which the two countries could work together on airstrikes that target groups that both countries agree are terrorists.
There is currently no agreement and the likelihood of an agreement is unknown, officials said as President Obama tries to reach a deal by the Aug. 1 deadline.
The plan would also include the United States sharing information with Russia on the ISIS and Nusra Front, which is affiliated with al-Qaeda.
Kerry and Putin were optimistic.
"I hope after today's consultations you'll be able to advise [President Obama] of the progress made and possible headway for us to make," Putin told Kerry.
"According to UPI, Hopefully, we'll be able to make some genuine progress that is measurable and implementable," Kerry responded, "and that can make a difference in the course of events in Syria."
Despite discomfort in some parts of the U.S. military with the plan, the State Department insists the deal only focuses on the issue of Syria and that differences with Russia over Crimea and Ukraine remain large.