Shin-Soo Choo has agreed a seven-year deal worth $130m with the Texas Rangers, reports ESPN.com.
The deal, which is subject to Choo passing a medical with team doctors, represents the last high-profile offence player to leave the free agency market.
Other high-profile deals this winter have been for Robinson Cano, who signed for the Seattle Mariners and Jacoby Ellsbury, who joined the New York Yankees.
Choo was one of the best leadoff hitters in Major League Baseball for the Cincinnati Red in 2013 with a .423 on-base percentage, a .285 batting average, 21 home runs, 54 RBIs, 20 steals and 107 runs scored.
The 31-year-old has a career on-base percentage of .389 and .288 career hits over nine seasons with Seattle, Cleveland and Cincinnati.
Choo is likely to fill the leadoff void left by Prince Fielder, who was acquired by Detroit in a trade for Ian Kinsler.
The Rangers will forfeit a first round draft pick in exchange for signing Choo but will receive a pick in compensation should Nelson Cruz sign for another team as expected.
Cruz was expected to re-sign for the Rangers but it is believed the organisation will end their attempts after acquiring Choo.