The former Aston Villa star has been linked with New York Red Bulls and Portland Timbers, but his agent Richard Trafford claims that he is close to a move to Canada.
"He wants to come here at a good age and make a good impact for a few years. He thinks he can add something to the league," he told newspaper Province.
"He's spent a lot of time in America and wants to come and play here for [Vancouver coach] Martin [Rennie]."
Reo-Coker is a free agent after his short-term deal with Ipswich Town expired last month.
Other clubs in England, as well as sides in Turkey and Greece, are said to have expressed an interest in signing him.