Reverberation in real environments is an important factor affecting the high resolution of target sound source localization (SSL) methods. Broadband low-frequency signals are common in real environments. This study focuses on the localization of this type of signal in reverberant environments. Because the time reversal (TR) method can overcome multipath effects and realize adaptive focusing, it is particularly suitable for SSL in a reverberant environment. On the basis of the significant advantages of the sparse Bayesian learning algorithm in the estimation of wave direction, a novel SSL is proposed in reverberant environments. First, the sound propagation model in a reverberant environment is studied and the TR focusing signal is obtained. We then use the sparse Bayesian framework to locate the broadband low-frequency sound source. To validate the effectiveness of the proposed method for broadband low-frequency targeting in a reverberant environment, simulations and real data experiments were performed. The localization performance under different bandwidths, different numbers of microphones, signal-to-noise ratios, reverberation times, and off-grid conditions was studied in the simulation experiments. The practical experiment was conducted in a reverberation chamber. Simulation and experimental results indicate that the proposed method can achieve satisfactory spatial resolution in reverberant environments and is robust.