Everton hope to announce Marco Silva as their new manager early next week.

It is understood talks with the 40-year-old Portuguese coach have concluded satisfactorily and previous threats from Silva’s former club Watford to demand compensation are not an obstacle to the appointment.

Everton owner Farhad Moshiri has been a long-term admirer of Silva and tried to get him after Ronald Koeman was sacked in October.

Everton are hoping to wrap up a deal next week to make Marco Silva their next manager

The Toffees' have been long-term admirers of the former Watford boss as he edges closer

On that occasion, his employers at Vicarage Road blocked the move but then dismissed him in January after claiming he’d been distracted by Everton’s overtures.

Everton sacked Sam Allardyce after the final Premier League game of the season last weekend amidst protests from fans about the club’s style of play.

Silva’s arrival could signal further widespread changes at Goodison Park.

The positions of chief executive and director of football have recently changed and there is talk that long-time chairman Bill Kenwright will step down at some stage to be replaced by Alisher Usmanov, who is currently a major shareholder at Arsenal.