The source said the revised concessions focused on the presentation of search results, how reviews appear in the search results and adjustment or removal of some contractual restrictions.
The EU watchdog has said Google may unfairly favour other Google services over rivals and may have copied material from other websites, such as travel and restaurant reviews, without permission.
It is also concerned that Google's advertising deals may exclude third parties from concluding similar deals with rivals while contractual restrictions on software developers may prevent advertisers from transferring their online campaigns to rival search engines.
The FairSearch coalition, whose members include online travel agencies and Google complainants Expedia and TripAdvisor, said monitoring was crucial to ensure that Google lives up to its word.
"Any binding set of changes to Google's practices must be paired with strong ongoing monitoring and enforcement mechanisms to ensure that the company does not return to its anti-competitive practices," the group said in a statement.
Companies can be fined up to 10 percent of their turnover for breaching EU rules. In Google's case, that could reach $4 billion based on its 2011 results.
Almunia is holding a news conference on a number of cases on Wednesday. The source told Reuters Almunia was likely to make an announcement about Google then.
Google has been under the EU regulatory spotlight in the last 18 months following complaints from more than a dozen rivals including Microsoft.
The U.S. Federal Trade Commission is also investigating Google on similar claims.
(Additional reporting by Philip Blenkinsop in Brussels, Diane Bartz in Washington; Editing by Jane Merriman and Steve Orlofsky)
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