Yes, because the Ottomans didn't get to war to avenge themselves on Italy nor did Italy, later on, wage war to strip further concessions - though when they happened to be at war, they obviously tried to take advantage of it.
Keeping the Ottomans neutral is actually fairly easy - just make the
Pursuit of Goeben and Breslau. The problem is keeping them neutral later on, when Romania and Russia both were on the ropes.