The 33-year-old has been playing in China for Guangzhou R&F since 2016 and is now ready for a new challenge.
Zahavi has indicated that he would like to play in the Eredivisie and should fly to the Netherlands on Friday.
Although a nice contract is waiting for him in Eindhoven, Zahavi is moving mainly for the sporting challenge.
Despite his age, PSV scouts have found Zahavi to still be in top shape.
Zahavi has amassed an incredible 103 goals in 117 games while at Guangzhou.
In 2019, Zahavi broke the Chinese Super League single-season scoring record after netting his 29th goal of the season.
Before moving to China, Zahavi played for Maccabi Tel Aviv and also had a spell with Palermo in Italy.
Zahavi has won 54 caps for Israel with a return of 20 goals.