Everton have agreed a £5million deal with Southampton to make Ronald Koeman their new manager, according to the BBC.
The 53-year-old Dutchman, who leaves Saints after two years in charge, had one year to run on his St Mary’s deal and the compensation Everton will have to pay will total around £5million.
Everton, who finished 11th, have been on the lookout for a new manager ever since Roberto Martinez was sacked last month before the end of the Premier League season.
Koeman, who is on holiday, will take brother Erwin and fitness coach Jan Kluitenberg with him to Goodison Park, report the BBC.
Koeman, who has guided Saints into seventh and sixth in his two seasons in charge, was expected to see out the remaining 12 months of his contract, but the lure of working on Merseyside under new Everton owner Farhad Moshiri has proved too big a draw to turn down.
In April, Saints chairman Ralph Krueger said discussions with Koeman over a new deal were progressing “in a very good direction”, but added the club was “not in any real hurry”.