01 - Set oven to 400°F and line a baking sheet with parchment paper.
02 - In a large bowl, combine ground turkey, breadcrumbs, Parmesan, egg, garlic, parsley, oregano, salt, and black pepper. Mix until just combined.
03 - Form mixture into 16 to 18 evenly sized meatballs and arrange on the prepared baking sheet.
04 - Bake in preheated oven for 15 to 18 minutes until lightly golden and cooked through.
05 - Heat olive oil in a skillet over medium heat. Add chopped onion and cook until softened, about 3 to 4 minutes. Add garlic and sauté for 1 minute more.
06 - Add roasted red peppers, chicken broth, smoked paprika, chili flakes, salt, and pepper to the skillet. Simmer for 5 minutes.
07 - Transfer sauce mixture to a blender or use an immersion blender, blending until smooth.
08 - Return pureed sauce to the skillet, stir in heavy cream, and bring to a gentle simmer.
09 - Add baked meatballs to the sauce. Simmer together for 5 to 7 minutes, spooning sauce over the meatballs.
10 - Sprinkle chopped fresh basil or parsley on top and serve immediately while hot.