Manchester United midfielder Park Ji-Sung is set to complete a £5 million switch to Queens Park Rangers reports suggest, although figures vary.
Park, 31, played a reduced role for Manchester United last season, but has been an influential figure in the club's recent history, often being called upon on the biggest occasions.
Formerly captain of South Korea, Park joined the Red Devils for £4 million in 2005 from PSV Eindhoven and has gone on to make 205 first-team appearances for the Old Trafford side.
QPR have announced that a press conference for local and international media will take place on Monday, with chairman Tony Fernandes, vice-chairman Amit Bhatia and manager Mark Hughes all set to attend. The announcement will reportedly "put the QPR brand on a global scale".
The press conference could be related to the club's ongoing look for a new stadium, although reports on Friday morning also suggested that the club were closing in on a South Korean signing.
"The announcement will put the QPR brand on a global scale and is further demonstration of the board's continuing efforts to move the club forward and become established in the Premier League," the release to the media said.
"QPR chairman Tony Fernandes, vice-chairman Amit Bhatia, manager Mark Hughes and CEO Philip Beard will all be in attendance. Please note, the club is in no position to make any further comment on the announcement of this press conference."
Should he sign, Park would become the fifth player to arrive at Loftus Road this summer - following the captures of Robert Green, Andy Johnson, Ryan Nelsen and the permanent signing of midfielder Samba Diakite.
Chairman Fernandes is also heavily involved in the club's search for a new stadium, updating the fans on progress via Twitter early on Friday.
"Excellent stadium meeting," Fernandes said. "Looks great. Going to make big announcement. Hopefully see Amit [Bhatia] in a few hours to brief him. Wow.
"Stadium will be in west London. Will not lose overall atmosphere. Lots to do and many pitfalls but great first step."