The appointment follows a U-turn by the world governing body, who blamed a "technical error" for the announcement last month that Cameroon's Issa Hayatou had been appointed to oversee Olympic football tournaments.
Zhang is acting president of the Asian Football Confederation, replacing Mohamed Bin Hammam who is appealing against a lifetime Fifa ban for bribery.
Zhang will chair next Monday's meeting and the appointment is likely to be confirmed by Fifa's executive committee on October 20.