At least five refugees, including a baby, drowned of the Turkish coast as they attempted the perilous crossing from Turkey to Greece, according to reports made by the Dogan news agency on Thursday.
The raft was transporting Afghan and Iranian refugees to the Greek island of Lesbos, capsized just 500 metres from the Turkish coast on Wednesday night.
Turkish coastguards saved nine of the refugees on board however two are still missing.
On Monday, Turkey proposed a deal in which the EU would take one Syrian refugee from camps in Turkey for every Syrian that Turkey takes from Greece, to create incentive for refugees to avoid making the crossing by boat.
In exchange, Turkey would receive billions of euros (dollars) in humanitarian aid, EU membership and visa-free access to Europe's Schengen zone for Turkish citizens.
EU leaders intend to cut a deal at a summit on March 17-18.
Some 850,000 people arrived in Greece from Turkey last year, often in lethal, unseaworthy vessels.
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