Suwon Bluewings will receive an undisclosed fee for the 27-year-old, who had a year remaining on his contract but has been lingering close to the exit door for the past 12 months.
Speculation of a move away from South Korea has been rife since Taggart won the Golden Boot with 20 goals in a spectacular debut season in 2019.
He wasn’t quite as productive in 2020, finishing the year with nine league goals from 23 appearances.
However, interest in the ex-Fulham, Newcastle Jets, Perth Glory and Brisbane Roar marksman hasn’t wavered, with the Sakura’s (Cherry Blossoms) pursuit of him first emerging last month, according to media reports in both Japan and Korea.
Coached by Spaniard Miguel Angel Lotina, Cerezo sit fourth on the J1 ladder with two rounds remaining, and are on course to qualify for the 2021 AFC Champions League.
Taggart wasn’t part of the Suwon squad which was beaten on penalties by Japan’s Vissel Kobe in the quarter-finals of this year’s ACL tournament in Qatar last week.
It’s understood he has already departed South Korea - where he picked up an FA Cup winner’s medal - to conclude the formalities of the impending move.
Cerezo - who in 2017 won an Emperors and J.League Cup double - have another Australian on their books, Olyroos striker Pierce Waring.
Suwon were contacted for comment.
