The Dutch model, who is married to music producer David Foster, is replacing Camille Grammer on the Bravo reality show, according to Radar Online.
Grammer was reported to be leaving the series last month and later explained that she had been unable to come to an agreement with producers.
A source has now told Radar that Hadid, who allegedly knows Real Housewives star Lisa Vanderpump, will be "shaking things up" on the show.
"Yolanda is going to make an excellent addition to the cast and she can definitely hold her ground if the claws come out," the insider claimed. "She is no shrinking violet."
Earlier this year, Sylvester Stallone's wife Jennifer Flavin was also linked to the cast of The Real Housewives of Beverly Hills.
> Kyle Richards: 'Real Housewives is very weird without Camille Grammer'