The defender will end a 14-year spell with Leeds and complete a transfer to Turf Moor following the expiry of his contract at Elland Road.
Taylor joined Leeds’ academy at the age of nine and made over 100 appearances for the club’s first team but his is moving on after running down the three-year deal he signed in 2014.
That contract ended on June 30, and Taylor is expected to take up a contract with Burnley from July 1.
United are entitled to compensation due to Taylor being under the age of 24 and the fee is set to be decided by tribunal with Burnley yet to agree a valuation with Leeds.
West Bromwich Albion were close to signing Taylor earlier this month but withdrew from talks after failing to finalise a fee.
United believe they will earn in excess of £5m for Taylor through a tribunal decision having brought the left-back through their academy and established him as a first-team regular in 2015.
Taylor won the club’s player-of-the-year award in the 2015-16 season but submitted a transfer request before the start of last term after resisting efforts by Leeds to extend his deal.
Read more at: http://www.yorkshireeveningpost.co.uk/sport/football/leeds-united/leeds-united-wantaway-defender-taylor-set-to-wrap-up-burnley-deal-1-8625914