A deal between Everton and Southampton manager Ronald Koeman has been agreed on Tuesday night which will make him replace the sacked Roberto Martinez.
It is believed that Koeman has agreed a £6m-a-year contract which would make him the highest paid boss in Everton’s history. Rumours also say that he will also have a budget of £100m for revamping the current Everton squad this summer.
The Toffees will have to pay about £5m compensation for the Dutchman, who leaves Saints after an impressive and successful two years in charge.
Everton have been without a manager ever since they sacked Martinez just before the end of the 2015-16 season.
Koeman is on a short holiday so it is rumoured that the unveiling will possibly take place on Thursday at the earliest.
The 53-year old, whose current contract expires in 2017, guided Southampton to a sixth-placed finish in the Premier League this season.