Saracens scrum-halves Richard Wigglesworth and Neil de Kock are currently sidelined by injuries, and the club approached Munster with the proposal of a three-month loan deal for Stringer.
It is anticipated the arrangement will begin with immediate effect once all paperwork has been completed.
"I believe I still have a lot to offer and I want to continue to play at the highest level," Stringer said.
"In the situation I currently find myself, that is outside the Munster matchday squad, I think this temporary switch to Saracens will serve my ambition best.
"This offers me a new challenge, and I am grateful to Munster management for their co-operation."
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The entire All Blacks apparel line has been updated for 2013/14. Check out the New Zealand All Blacks polo.
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