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 and The Sun also reported 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.
In 2024, David was made an ambassador for The King's Foundation- which aims to teach and demonstrate in practice those principles of traditional urban design and architecture - and at the time he admitted that it was an "inspiring" experience for him.
He said: "Having developed a love for the countryside I'm also on a personal mission to learn more about rural skills which is so central to the Foundation's work.
"It was inspiring to hear from The King about the work of His Majesty's Foundation during my recent visit to Highgrove Gardens — and compare beekeeping tips."
Prior to that, he worked with the Chelsea Pensioners amid the COVID-19 lockdowns and was appointed a UNICEF Goodwill Ambassador more than two decades ago.