He is seeking up to about $US2 billion ($A2.8 billion) in a deal that could rank among the largest for an individual artist, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Reuters could not immediately verify the report. Brooks did not immediately respond to Reuters' request for comment.
The potential transaction would include both his songwriting and recorded music rights, the report said.
Brooks has recently discussed valuations ranging from $US1 billion ($A1.4 billion) to more than $US2 billion ($A2.8 billion) with potential investors, the newspaper said, without identifying the investors.
Sony Music has been an active buyer of music rights. In 2021, it acquired Bruce Springsteen's entire catalogue in a deal Billboard said was worth $US500 million ($A697 million).
Brooks has sold a record 200 million albums in the United States, more than the Beatles' 183 million, according to the Recording Industry Association of America.
Brooks, known for hits including The Dance, Friends in Low Places and The River, has earned honours including the Kennedy Center Honor and the Library of Congress Gershwin Prize, according to his official website.
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