The Toffees opted to make an 11th-hour move for Iwobi after having an improved offer rejected for Crystal Palace’s Wilfried Zaha, who handed in a transfer request yesterday in at attempt to leave Selhurst Park.
However, Palace stood firm over their valuation in excess of £80m and Everton turned to Iwobi, improving their initial £30m offer.
Everton are now in a race against time to complete the necessary paperwork.