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Everton are rumoured to be in talks with Ronald Koeman about becoming their new manager.
The current Southampton boss has emerged as the clear favourite to succeed Roberto Martinez at Goodison Park after the Spaniard was sacked just before the end of last season despite guiding the Toffees to two domestic cup semi-finals.
Everton's majority shareholder Farhad Moshiri is said to have outlined his vision for the club, including new stadium plans and a sizeable transfer budget, in a bid to convince the Dutchman to join.
It now remains for compensation, believed to be in the region of £3m, to be agreed before the talks can progress further.
Both Unai Emery and Frank De Boer had been heavily linked with the Everton role, but Koeman has emerged as a somewhat surprise favourite to succeed Martinez after guiding Southampton to sixth place in the Barclays Premier League and a place in next season's Europa League.
By: Kieran O'Daly