The Los Angeles Times, citing a Major League Soccer source with knowledge of the deal said the 32-year-old star will be eligible to play for LAFC from July 1. The Times said confirmation of Bale’s signing will be announced “within a few days.”
ESPN meanwhile reported that Bale will fly to Los Angeles at the end of next week to sign a deal which runs to the end of this season, with an option for an additional year.
Bale was once the world’s most expensive player and has spent the last eight seasons with Real Madrid, winning three domestic championships and five Champions League titles.
The Welshman has scored 139 goals in his club career with 39 goals in 106 internationals for Wales.
Bale played a pivotal role in helping Wales qualify for this year’s World Cup, where they will face the United States, England and Iran in the first round in Qatar.
It marks the first time Wales have qualifed for the tournament since the 1958 finals.
Bale’s signing comes as LAFC bid to build on a strong start to the MLS season.
The California club lead the Western Conference standings with 30 points from 15 games.
Bale will be the second high-profile international signing the club has made in recent weeks. Former Juventus and Italy international Giorgio Chiellini joined the club earlier this month.
News of Bale’s decision to head to Major League Soccer comes just days after reports in Britain indicated he was in talks with Cardiff over a possible move.
His former club Tottenham and Newcastle were also mooted as possible destinations.