Everton expect to complete the transfer of Juventus forward Moise Kean for £27.5million rising to £36m this week.
Though Everton have stepped back from a proposed move for Crystal Palace winger Wilfried Zaha, they have pulled off a significant coup with the purchase of 19-year-old Italy international Kean, who is due to arrive for a medical on Wednesday.
Marco Silva remains in the market for a winger but Zaha is considered too expensive after Palace rejected Everton's bid of £52million last weekend.
Kean, who scored six Serie A goals in 13 appearances last season and has scored twice in his three games for Italy, should provide Everton boss Silva with the clinical edge his attack has been lacking.
He also hopes to add another four signings before August 8.
Gbamin apart, Everton have asked about Real Sociedad defender Diego Llorente and Chelsea's Fikayo Tomori while they have also discussed Celta Vigo midfielder Stan Lobotka and Southampton's Mario Lemina.
However, Palace maintain a desire to sign Everton midfielder James McCarthy in a projected £10m deal and retain an interest in signing Cenk Tosun on loan.
Everton saw influential midfielder Idrissa Gana Gueye complete his £29m move to Paris St Germain on Tuesday. The fee represented a substantial profit on the 29-year-old who signed from Aston Villa for £8m in 2016.
Furthermore, the funds will be channelled into sourcing his replacement and Everton have held further talks with Mainz over a £27m deal for versatile midfielder Jean-Philippe Gbamin.
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