The 41-year-old Dutchman has been in talks with Atletico officials for the past week and the club from the southern Brazilian city of Curitiba is "finalizing details" before an official announcement, according to Globo Esporte, reports Xinhua news agency.
It will be Seedorf's third management job after spells in charge of Chinese Super League side Shenzhen FC and Italy's AC Milan.
Seedorf, who speaks fluent Portuguese, finished his playing career with Rio de Janeiro outfit Botafogo in 2014 and is married to a Brazilian.
Born in Suriname, Seedorf moved to the Netherlands aged two and was capped 87 times for his adopted country.
He is the only player to have won the UEFA Champions League with three different clubs: Ajax, Real Madrid and AC Milan.
Atletico Paranaense finished 11th in this year's Brazilian Serie A championship and have been without a coach since the resignation of Fabiano Soares on December 4.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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