The deal is pending a bodily for Yates who joins a stacked Dodgers bullpen.
The 37-year-old had a standout season with the Texas Rangers in 2024, posting a 1.17 ERA over 61.2 innings with 33 saves.
In 10 seasons, Yates has pitched in 411.1 innings, posting a 3.17 ERA with 95 saves.
The transfer comes simply days after the Dodgers signed Tanner Scott to a 4-year, $72 million contract.
The Dodgers have been busy this low season signing among the prime names obtainable in free company, together with Roki Sasaki, Teoscar Hernandez, Blake Treinen, Blake Snell, and Tommy Edmon.
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