The transfer fee is understood to be in the region of £5m as the 31-year-old had another year left on his contract, which he extended last summer.
The South Korea international has made 133 Premier League appearances for United since joining the club from PSV Eindhoven in 2005, scoring 19 goals.
He won four Premier League titles and the Champions League while at United.
After beginning his professional career with Japanese side Kyoto Purple Sanga, Park impressed during his nation's run to the World Cup semi-finals in 2002, when they were co-hosts.
Such performances saw him follow national team coach Guus Hiddink to PSV Eindhoven, where he played for three years before making a £4m move to Old Trafford, becoming a reliable wide option for boss Sir Alex Ferguson.
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