The former Manchester United and England midfielder is joining the Brazilian giants after leaving the K-League's Seoul FC before Christmas.
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Lingard scored 18 goals and provided ten assists in 66 competitive matches for FC Seoul.
Transfer expert Fabrizio Romano is reporting: "Jesse Lingard to Corinthians, here we go! Verbal agreement done on one year deal plus option to extend.
"Lingard joins Corinthians as free agent despite also receiving proposals from MLS.
"Travel and medical next ahead of signature with Timão."
Lingard will be reunited with Memphis Depay, who previously played together at Manchester United.