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Everton are set to appoint Southampton boss Ronald Koeman as their new manager after the Dutchman agreed terms with the Merseyside club over the weekend.
Koeman will leave St Mary's for Goodison Park after being assured by major shareholder Farhad Moshiri that he will be given the biggest transfer budget in the club's history.
Koeman will also be allowed to invest any money raised by the sales of John Stones and Romelu Lukaku, bringing his transfer budget up to a potential £100m.
Everton will have to pay up the final year of Koeman’s contract at Southampton, understood to be worth around £3.5m.
Koeman was appointed Saints manager in June 2014 and led the club to seventh in the Premier League in his first season in charge, and sixth last season.
However, the 53-year-old has tired of the financial constraints he is expected to work under at the Saints.
Southampton sold £135.5m worth of talent in Koeman's first 12 months in the job, with Luke Shaw, Adam Lallana, Morgan Schneiderlin, Dejan Lovren, Calum Chambers and Nathaniel Clyne all leaving the club during his time at the club.