The 21-year-old Palace defender will cost United £45m plus £5m based on add-ons and is set to travel to Manchester on Wednesday evening, before holding a medical on Thursday.
Wan-Bissaka is expected to sign a long-term contract at Old Trafford and would become Ole Gunnar Solskjaer's second signing of the summer, following the addition of Daniel James from Swansea.
The England Under-21 international could become United's fourth most expensive signing of all-time behind Paul Pogba (£89m), Romelu Lukaku (£76m), and Angel Di Maria (£59.7m).
Wan-Bissaka had three years remaining on his contract at Selhurst Park and featured 39 times in all competitions last season as Palace finished 12th in the Premier League.
Sky Sports News first reported United had rejected a £40m bid for Wan-Bissaka on June 8, with Solskjaer keen to bring in a right-back this summer following the departure of club captain Antonio Valencia.
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