The former England captain has recently been training with Arsenal but Eurosport's French sources have confirmed he is on his way to Paris to finalise a move to the Ligue 1 leaders.
PSG manager Carlo Ancelotti's usual pre-game press conference was cancelled on Thursday and replaced by a news conference at the Parc des Princes with the club's sporting director Leonardo and president Nasser al-Khelaifi at 16:00, when it is expected they will announce the signing of the 37-year-old midfielder.
He will go straight into the squad for the knockout stages of the Champions League.
Beckham, who won 115 caps for England, has been available as a free agent after leaving LA Galaxy following the expiration of his contract in December. He won two MLS Cup finals in five-and-a-half years with the American club.
Eurosport's French editor Cedric Rouquette said of the deal: "It is probably for marketing issues. PSG is looking for the biggest impact possible on Earth to let everybody know that a huge team is coming.
"Beckham will be a "noise amplifier", probably the best possible to touch a massive audience around the world, on each continent.
"The position where Beckham is able to play is probably the one where PSG have the least needs. On the right side of the midfield, they have Lucas Moura, Lavezzi and Menez. For central midfield, there is Verratti, Thiago Motta, Matuidi, Chantôme.
"Old players usually have difficulty making an impact in Ligue 1 and PSG are fighting for the title so Carlo won't have that many opportunities to let him play just to make appearances.
"But if there are any, then his wonderful right foot could be useful. No one expect Zlatan in the PSG can offer anything like that precision of passing."
One of football's most famous players, Beckham had attracted interest from across the globe after revealing he would be leaving Galaxy, though he has chosen to join PSG, the club he was also linked with last summer.
The midfielder knows Leonardo and Ancelotti well having worked with both men during previous loan spells with AC Milan in 2009 and 2010.
A move to Paris is just the latest twist in a prestigious career that started when he emerged from the Manchester United academy and won six Premier League titles, two FA Cups and the Champions League in 1999.
He later joined Real Madrid, winning La Liga in 2007, before announcing a shock move to Galaxy in 2007.
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