This comes just days after the Scottish Premiership side received permission from Queens Park Rangers to speak to the Englishman.
Rangers have been without a manager since they dismissed Giovanni van Bronckhorst following an abysmal European campaign where they failed to win any of their Champions League games.
The 47-year-old had only been in charge for a year, guiding the club to a Scottish Cup title and a Europa League final in his first campaign.
However, following his departure, Rangers are gearing up for Beale’s return, having previously served as an understudy to Steven Gerrard at Ibrox.
Beale was assistant manager when the former Liverpool midfielder led the club to their 55th league title, and having reached an agreement with the club, is poised for a return.
QPR fought hard to keep hold of their manager after exceeding expectations in getting the Hoops into the race for top-flight promotion.
Beale was a top target for Wolverhampton Wanderers when the Premier League club were searching for a new manager, but he turned down their offer in favour of staying in west London.
However, the allure of the Scottish giants has proven too much for Beale to resist. QPR, who are seventh in the Championship, will now have to scour the market for his successor.
Rangers have been knocked out of the Champions League and failed to muster a place in the Europa League, so Beale will not get a taste of European football upon his arrival.
However, he will be tasked with closing the gap with runaway league leaders Celtic who have already opened up a nine-point gap at the top of the table.
Rangers will pay the £1.5 million release clause in Beale’s QPR contract to bring him back to Ibrox, and reports suggest the deal could be completed soon after talks accelerated over the weekend.
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