Iverson plans to sign the contract this week, sources said, and should report to Besiktas the week of Oct. 31.
Iverson's contract will give him an opt-out clause after this season. There is no escape during the season for Iverson to leave Turkey and return to the NBA.
Allen Iverson, 35, could make his debut for Besiktas, November 6 in a match against Bornova. Besiktas played his first game of the season Oct. 19 and 1-1 in the league standings.
Allen Iverson has sought more lucrative offers to play in China this season, but he was intrigued by the prospect of playing in Istanbul. After the controversial exits with his last three franchises - Detroit, Memphis and Philadelphia - Allen Iverson exhausted the interest of NBA teams. Despite averaging 26.7 points in his NBA career of 14 years, Allen Iverson has missed opportunities in the league.
Besiktas is considered the third largest of the three most powerful franchises in the Turkish first division. The club has a strong following, and team officials believe Allen Iverson could be a huge draw door.