Former HP chief executive Mark Hurd is in talks with Oracle about an executive job just weeks after the HP forced him to quit.
Hurd resigned after an internal investigation alleged he had made inaccurate expense claims and concealed a relationship with events contractor Jodie Fisher.
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But Hurd has denied making any advances on Fisher. He has also insisted that he did not prepare his own expense claims and did not try to conceal his outings with Fisher.
Oracle's board is to meet within days to vote on a deal to bring Hurd into the company, according to the Financial Times.
Details of the offer are not yet known, but analysts say it is unlikely that Hurd will take over the role of CEO from Oracle founder and chairman Larry Ellison.
Ellison came out in strong support of Hurd last month, criticising the HP board's actions.
"The HP board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago," he said in a letter to the New York Times.
Hurd's departure from HP came after five years in which he was praised by investors for his cost-cutting and strategic acquisitions in technology services and networking.
HP's shares are down 13% since his resignation.
Analysts said Hurd's skills are a good match for Oracle, which is known for is aggressive acquisitions and cost-cutting.
Hurd's move to Oracle could rejuvenate the company's efforts to compete with HP, IBM and others in selling hardware, they said.