The former Liberal Democrat leader and deputy prime minister will divide his time between his current home, California, and London. Clegg's new executive role at Mark Zuckerberg's Meta will require more travelling and it is understood that Clegg sees London as a suitable base for visiting Europe and Asia.
The Financial Times, which first reported the move, said Clegg wanted to spend more time in the UK and continental Europe for personal reasons, including to be closer to his elderly parents.
Clegg joined Meta in 2018 and moved with his family to California but had been clear that he wanted to return to Europe, telling the FT last year that his "heart belongs massively 5,000 miles away".
Clegg's wife, Miriam González Durántez, an international trade lawyer, has also referred to missing Europe in her Instagram posts, saying last year that she felt like "kissing the ground" after returning to her native Spain for the first time in 18 months.
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