Per the report, the two sides agreed on a three-year deal that is expected to be formally announced on Wednesday.
According to ESPN, Maddon is expected to receive a three-year contract in the $12 million to $15 million range.
Maddon, 65, spent 31 years with the Angels organization as both a player and a coach, starting his coaching career as a bench coach for Mike Sciocia.
Maddon departed in 2005 to become the manager of the Tampa Bay Rays, where he was at the helm for 9 years and led the team to their only World Series appearance.
Maddon opted out of his contract in 2014 and joined the Chicago Cubs, where he guided them to a World Series championship, their first since 1908, and becoming the most successful manager in franchise history.
Maddon was ousted at the end of the 2019 season following a brutal, late-season collapse, but now finds himself back with the organization he is most familiar with.
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