Ohio State will hold a news conference at 5:15 p.m. ET at the Fawcett Center.
Meyer, who led the Gators to two national championships before stepping down to spend more time with his family amid ongoing reports of health concerns, had worked as a game analyst this season for ESPN.
But he asked to be taken off his assignments for the network this weekend as reports swirled of his imminent hire with the Buckeyes.
Columbus will be the fourth stop in Meyer’s coaching career. He had a 104-23 record over 10 seasons with Bowling Green, Utah and Florida. From 2001-10, he had five 10-win seasons, the two BCS titles with the Gators and a 7-1 record in bowl games.
Sources told WKMG-TV in Orlando last week that Meyer would be introduced in coming days after agreeing to a seven-year, $40 million deal.
The Buckeyes capped their season Saturday with their first loss to Michigan in seven years, a 40-34 defeat that left them at 6-6, 3-5 in the Big Ten.
It marked the most points Michigan had scored against Ohio State since putting up 58 in 1946 and the first time since 1999 that the Buckeyes finished under .500 in conference play.
Ohio State had been led by interim coach Luke Fickell after Jim Tressel was forced to resign nearly six months ago amid a tattoo-parlor scandal involving star Buckeyes quarterbackTerrelle Pryor, who now plays for the Oakland Raiders.
On Saturday, Fickell tried his best to avoid questions about his future and pounded a table after one such query.
“Like I said, it’s about the Ohio State-Michigan game,” Fickell said. “It’s been about that since last Sunday. It’s going to be about that always.”