In a large heavy bottomed pot or a large cast iron dutch oven, add 2 tablespoons of extra virgin olive oil. Heat the oil for 30 seconds over medium heat. Add in the ground turkey and cook until browned and fully cooked.
Remove the ground turkey from the pot and set aside.
Add the remaining 2 tablespoons of extra virgin olive oil to the pot and heat for 30 seconds. Add the diced onions, and bacon of choice (if using) saute for 7-10 minutes over medium heat until onions are translucent and bacon is cooked.
Add in diced sweet bell peppers and saute for an additional 4 minutes.
Add the cooked ground turkey back into the pot and stir to combine.
Add in all of the remaining ingredients. Stir to combine everything and bring to a simmer over medium-low heat. Slightly lower heat, cover, and cook for an additional 45 minutes (minimum) up to 2 hours. Stir intermittently during cooking time.