Everton have struck a deal to sign Folarin Balogun from Monaco.
The two clubs have agreed on a €45 million fixed fee and €5 million in add-ons for the American striker, with a sell-on clause also included.
The move will represent a return to the Premier League for Folarin who came through the ranks at Arsenal before leaving for the Ligue 1 club.
Folarin will replace Beto, who has since joined Serie A side Fiorentina.
Football transfer expert, Fabrizio Romano wrote on X: “Everton reach club-to-club agreement with AS Monaco for Folarin Balogun.
“€45 million fixed fee, €5 million add-ons and sell-on clause also agreed with #EFC. Monaco are ready to sell.
“Negotiations ongoing tonight on personal terms; final key step to get it done.”