Ronald Koeman on the verge of becoming Everton's new manager
Ronald Koeman is edging closer to becoming Everton manager, with contract discussions continuing after a deal was struck with Southampton.
The 53-year-old had started negotiations about extending his stay at St Mary's, having led Saints to their best Premier League finish in back-to-back seasons,.
However, Koeman is increasingly unlikely to see out the final season of his three-year deal as the former Barcelona defender edges closer to a move to Goodison Park.
Press Association Sport understands a compensation fee of around £5million has been agreed, giving the Dutchman the green light to start talks about a move.
Discussions began on Monday and the details are being ironed out, although confirmation may still take several days.
Assistant manager Erwin Koeman and first-team coach Jan Kluitenberg looks set to also swap the south coast for Merseyside, although first-team assistant coach Sammy Lee and goalkeeping coach Dave Watson could stay.
Everton are also understood to be keen to recruit Sevilla's sporting director Monchi to undertake a similar role at Goodison Park once Koeman's appointment has been confirmed.
The 53-year-old has helped make the Spanish club a significant profit in the transfer market during his 15-year spell in the job after securing top fees for players with untapped potential, while also contributing to five Europa League victories in the past decade.
It is believed Sevilla would require #3.8million to trigger Monchi's release but that is unlikely to deter Everton, backed by Iranian billionaire Moshiri who has reportedly set aside a #100million transfer war chest for the new manager.