The former Swansea City boss joined Leeds at the start of last season and guided them to seventh in the second-tier Championship, just missing out on a playoff spot.
Middlesbrough finished 19th and were relegated from the Premier League after registering just five wins from 38 games under previous managers Aitor Karanka and Steve Agnew.
Agnew, who took over from Karanka in March till the end of the campaign, could not prevent Boro's drop.
Monk will be officially unveiled at a news conference on Monday.
(Reporting by Hardik Vyas in Bengaluru, editing by Pritha Sarkar)
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