According to breaking news on the BBC on Tuesday afternoon, Everton have agreed to pay around £5m for the former Barcelona and Netherlands defender, who was manager of Southampton for two years but still have one year left on his contract at Southampton.
Everton have been searching for a replacment to succeed the sacked Roberto Martinez, who was dismissed in May with Everton winning only one match in their previous 10.
Everton limped home in 11th place under Martinez in the Premier League, behind Koeman's Southampton, who ended the season in sixth place.
Koeman will apparently take his brother Erwin and fitness coach Jan Kluitenberg with him to Goodison Park.
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