Terry is said to become a part-owner of League Two club Colchester United.
The former England and Chelsea captain is reportedly part of a consortium buying Colchester to the tune of £14 million, with an announcement due imminently.
A source told The Sun: "This has been a long time in the making, and JT is really excited for it all to become official.
“He’s a hugely passionate advocate of lower league football, and helping clubs get the support and publicity they deserve.
“He’s already been down to the training ground a few times and got stuck in without any fanfare.
“He really believes in the boys and, for their part, the lads at Colchester are absolutely buzzing that he’s getting involved.
“He will bring a real stardust. Everyone involved with Colchester is excited, and the hope is this deal will really put them on the map as they push for promotion.”