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The 21-year-old forward's arrival should be announced in the next 48 hours.

That is according to Daily Mail reporter Dominic King, who claims Ramirez has passed a medical.

The former Barcelona man joined Malaga on a free transfer last summer and hit 14 goals in La Liga.

He is set to cost Everton a bargain £5m thanks to a release clause in his contract.

When asked about his future earlier this month, Ramirez said: ”It's true that I have a low clause, but right now I am still a Malaga player and I want to focus on the national team.

"I am in no rush to sign for a big club... I try to avoid all they're saying about me."

Everton have wasted no time in strengthening their squad this summer.

Sunderland keeper Jordan Pickford has joined for an initial £25m while Davy Klaassen was captured from Ajax for £23.6m.

Romelu Lukaku looks set to leave Goodison Park for Chelsea while Klaassen’s arrival could spark Ross Barkley’s departure.