Among those who have been questioned by police are former News International Chief Executive Rebekah Brooks, former News of the World chief reporter Neville Thurlbeck and the newspaper’s former head of news Ian Edmonson.
Mr Coulson, who was forced to step down as Prime Minister David Cameron’s director of communications amid the mounting scandal, has already been charged with perjury by Strathclyde Police in connection with evidence he gave under oath at the trial of former Member of the Scottish Parliament, Tommy Sheridan.
Mr Mulcaire, who was jailed in 2007 after admitting illegally intercepting messages of members of the Royal Household, has since apologised to the victims of phone hacking.
Mrs Brooks and her husband Charlie have already been charged with perverting the course of justice following allegations that they tried to destroy evidence related to the inquiry.
Alison Levitt QC, the Principal Legal Adviser to the Director of Public Prosecutions, Keir Starmer, will issue a statement regarding the CPS decision at the organisation’s headquarters in central London.
Running alongside Operation Weeting is Operation Elveden, a Met probe into allegations of corrupt payments by journalists to public officials.
So far 41 people have been arrested as part of the investigation, while an inquiry into allegations of computer hacking, Operation Tuleta, has seen seven people detained.
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