Watford forward Richarlison will have a medical at Goodison park in the next 24 hours ahead of his £50m move, according to the report.
The 21-year-old, who was signed by Watford last summer when current Toffees boss Marco Silva was in charge at Vicarage Road, returned home early from the club’s pre-season training camp in Austria.
The clubs are understood to be finalising a deal and the structure of payments. A £50m transfer would see Richarlison become Everton’s club-record signing, overtaking the £45m they paid for Gylfi Sigurdsson last summer.
Silva refused to comment on potential signings when speaking to Sky Sports News at Everton’s training camp in the Algarve but he is expecting a busy time in the coming weeks for both incomings and outgoings at Goodison Park.
Everton have been linked with Barcelona defender Lucas Digne and Bordeaux winger Malcom but are yet to sign a player in this transfer window.
There have been plenty of departures though, including Wayne Rooney and Ramiro Funes Mori, and England U21 international Ademola Lookman is also reportedly set to depart the club.