The pop star would replace Tony award-winning actress Patina Miller as the Leading Player in the story of a young prince who embarks on a dangerous journey to find out the meaning of his life.
A source tells the New York Daily News, "It's a 90% done deal. She is a good singer, a great dancer and an amazing looker. However, most important, she will sell tickets."
Scherzinger previously starred in the Hollywood Bowl production of Rent.
Pippin first appeared on Broadway in 1972 and the revival launched in March (13) and runs into next year (14).