Rakuten, who signed former All-Star outfielder Jones earlier this week, have agreed to a 130 million yen ($1.54 million) one-year contract with 30-year-old free-agent McGehee, Kyodo news agency reported.
The deal would be announced after a medical, the report added.
McGehee, who has also played for the Chicago Cubs and Milwaukee Brewers, batted .217 with nine homers and 41 RBIs for the Pittsburgh Pirates and Yankees last season.
($1 = 84.39 yen)
(Reporting by Amlan Chakraborty in New Delhi; Editing by John O'Brien)
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