Amsterdam:
Park played for PSV in 2003-2005 under Guus Hiddink, a former South Korea coach. Park then moved to Manchester United, where he won the 2008 Champions League and four Premier League titles.
Park transferred to Rangers a year ago. The club is now cutting costs after it was relegated from the Premier League.
At PSV, the 32-year-old Park will be reunited with coach Phillip Cocu, who was the team's captain during Park's previous spell at the club.
PSV says Park has undergone a medical and will start training with the club Thursday.
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