According to sources, the Open Championship winner is expected to defect to LIV Golf.
Smith, the second-ranked player in the Official World Golf Ranking, will be the highest ranked player to leave for LIV Golf, which is being fronted by fellow Australian Greg Norman.
They are expected to join the LIV Golf circuit. The International in Boston in September is where the players and Smith are expected to compete.
Sources say that Mito is considering joining LIV Golf at some point in the future.
On Saturday, the defections were reported by Golf Channel.
The International Team will compete in the Presidents Cup in Charlotte, North Carolina, on September 25-26. The players who are suspended for competing in LIV Golf events won't be allowed to play in the Presidents Cup.
The biggest purse in golf history was earned by Smith when he won The Players in March. Smith is playing in the Tour Championship. He said he was just here to hit good shots and make putts.
Two days after winning the Open Championship at St. He wanted to make sure Smith was aware of what was happening on the tour.
The Tour's top players have committed to playing in 20 events in the next five years. The Player Impact Program bonus will be doubled from $50 million to $100 million next year, and there will be 13 elevated events with average purses of $20 million.
The Genesis at Riviera was the second victory of the season for the 18th ranked player in the world. Varner did win on the PIF Saudi International in February, but he has yet to win on the PGA Tour.
On Friday, he told the Golf Channel that he wasn't sure what he would do. He is expected to sign with LIV Golf and compete in Boston, according to reports.
They haven't won on the tour. He has won seven times on the Asian Tour.