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Mr Talabani, 73, had become ill as a result of "continuing hard work over the past few days", his office said.
There was "no cause for concern", it added in a statement.
Deputy Prime Minister Barham Salih said Mr Talabani had suffered a drop in blood pressure, while another ally said he had been having kidney problems.
Mr Talabani, a Kurd, was last seen in public on Saturday in the northern city of Sulaimaniya, where, according to one report, he was hospitalised for several hours.