The former England player celebrated his 50th birthday on May 2, and on Thursday, it was revealed that he will be confirmed as Sir in The King's Birthday Honours list next week.
David has been married to former Spice Girl Victoria Beckham, with whom he has Brooklyn, 26, Romeo, 22, Cruz, 20, and 13-year-old Harper Seven, since 1999. The Sun also reported that she will become known as Lady Victoria Beckham once her husband is knighted.
According to the outlet, David "narrowly missed out" on receiving a knighthood in 2024, and the honour instead went to former England manager Gareth Southgate.
In 2003, he was given an OBE by Queen Elizabeth for services to football.
The former Premier League star has a long history of charitable work, which Honours Committee officials will have considered before deciding to bestow him with the honour.
At the time, he said: "I'm excited to be working with The King's Foundation and to have the opportunity to help raise awareness of the charity's work.
"I've always been keen to help young people to expand their horizons, and I'm particularly looking forward to supporting the Foundation's education programmes and its efforts to ensure young people have greater access to nature.
With AAP.