ABSTRACTCurrently, researchers and commercial entities worldwide are highly interested in optical wireless communication links operating in terrestrial environments. These links offer the distinct advantage of enabling high‐speed data transmission while keeping operational and installation costs low, all without requiring licensing. Free‐space optical (FSO) communication has established itself as a reliable method for delivering ultra‐high data‐rate services. However, the presence of atmospheric turbulence‐induced fading poses a significant challenge for FSO communication systems, particularly when operating over channels affected by time‐varying turbulence. The effectiveness of FSO systems is greatly influenced by atmospheric conditions in a specific area because the laser beam propagates through the atmosphere. As a consequence, this can lead to a significant degradation such as high complexity, high estimation error, and high bit error rate (BER) in the performance of FSO systems. This paper presents a stacked dual attention LSTM network with layered neural Turing machine (SDALSTM‐LaNTM) for FSO channel estimation over lognormal turbulence‐induced fading channels. In this approach, the stacked structure ensures a robust feature extraction capacity of SDALSTM and enhances its ability to capture intricate relationships among multiple atmospheric variables. After employing the stacked LSTM networks, the extracted features are combined with the augmented features obtained through the dual attention (DAttn) mechanism by concatenation. Then the LaNTM architecture used external memory to solve the channel parameter estimation problem and update new set of hidden features for estimation task. The ability to access and update memory enables the model to capture long‐term dependencies and context, making it beneficial for channel prediction in FSO systems. Presently, we are in the process of verifying the channel estimation model using measured FSO channel data. Simulation results clearly demonstrate the outstanding estimation performance of the SDALSTM‐LaNTM model in FSO systems, specifically when dealing with lognormal turbulence‐induced fading channels. Moreover, we highlight the effectiveness of the SDALSTM‐LaNTM model by conducting a comprehensive comparison with existing models, considering factors such as average capacity performance, outage probability estimation, and BER.