The Panthers signed Scott on Friday, Ian Rapoport of NFL Network reports.
Scott will be released by the Bengals, Adam Schefter of ESPN reports.
Scott racked up 57 tackles (35 solo) and one fumble recovery across 17 regular-season appearances with the Bengals in 2023.
Scott played only eight defensive snaps in Sunday's win over the Colts.
Scott recorded 10 tackles (nine solo) in Sunday's 27-3 loss to Tennessee.
Scott (concussion) was a full participant in Saturday's practice and is set to play against the Rams on Monday.
Scott has been declared out due to a concussion.
Scott is being evaluated for a concussion during Sunday's game against the Ravens.
Scott agreed to a three-year, $12 million contract with the Bengals on Friday, Adam Schefter of ESPN reports.
The Rams placed Scott (shoulder) on injured reserve Saturday.