We present theoretical and experimental demonstrations of a novel, to the best of our knowledge, diffuse optical imaging method that is based on the concept of dual slopes (DS) in frequency-domain near-infrared spectroscopy. We consider a special array of sources and detectors that collects intensity (I) and phase (ϕ) data with multiple DS sets. We have recently shown that DSϕ reflectance data features a deeper sensitivity with respect to DSI reflectance data. Here, for the first time, we describe a DS imaging approach based on the Moore-Penrose inverse of the sensitivity matrix for multiple DS data sets. Using a circular 8-source/9-detector array that generates 16 DS data sets at source-detector distances in the range 20-40 mm, we show that DSI images are more sensitive to superficial (<5mm) perturbations, whereas DSϕ images are more sensitive to deeper (>10mm) perturbations in highly scattering media.