Use your head and sign up now for the Everton FC newsletter Sign up now Thank you for subscribing We have more newsletters Show me See our privacy notice Invalid Email

Everton are denying reports that they have reached a breakthrough in their talks with Southampton over Ronald Koeman's compensation.

The BBC are reporting that the Blues have agreed to pay the South Coast club around £5m, thus paving the way for him to be announced as Roberto Martinez's successor.

But an Everton spokesman denied the report saying it was untrue, as sources close to the deal added: "We are still in discussions."

Koeman, 53, who is on holiday, will take brother Erwin and fitness coach Jan Kluitenberg with him to Goodison Park, and that has been part of the reason for the talks between the clubs dragging on.

Earlier today it emerged that the Saints reportedly believe they have been misled by the Dutchman, who they appear to feel gave them assurances he wanted to remain at St Mary's stadium for the final year of his contract.