The Senegalese forward joined les Dogues in the summer of 2010, and became Ligue 1 top scorer with 25 goals last season.
However, he scored just 6 goals in 18 games this term and is now set to leave Stade Lille Metropole.
According to L’Equipe, Fenerbahce have agreed to pay €10 million for the 25-year-old, whereas Lille will also be entitled to 20% from his next sale.
Sow had one and a half years left on his contract at Lille, but decided to accept a bumper offer from the Turkish giants.
The Senegalese international is, therefore, set to sign four-and-a-half-year deal worth €3.2 million per campaign.
The forward is currently away on African Cup of Nations duty with Senegal, meaning that he will join his new teammates after the competition.
Lille have already found a replacement for Sow, having signed striker Nolan Roux from Brest yesterday.
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