By Dominic Toner

Everton legend Tim Cahill has welcomed new singing Yannick Bolasie to the club and hailed him as a great signing.

Everton completed the signing of Bolasie from Crystal Palace on Monday afternoon and will pay £28million for the winger.

Sky Sports claimed on their transfer centre blog (10.58am Monday) that Bolasie will move for an initial 22.5million, with another £2.5million of add-ons and the potential for a further £3million further down the line.

Cahill has praised the signing of Bolasie and has posted a welcome message to him on Twitter.

Cahill spent eight years at Goodison Park between 2004-2012 and was a firm fans favourite, making 271 appearances for the Merseyside club and scoring 66 goals from midfield.

The new Everton signing will hope to achieve similar success during his stay and has already received a boost by club’s supporters who reacted well to his arrival on Twitter.

He becomes Everton’s fourth major summer signing following the arrivals of Maarten Stekelenburg, Idrissa Gueye and Ashley Williams to Ronald Koeman’s new-look squad.

Bolasie was on the substitute’s bench for Palace’s 1-0 defeat against West Brom on Saturday but came on in the 66th minute to a standing ovation from the Selhurst Park support.

The 27-year-old has ended a four-year stay at Palace, how he joined in 2012 after moving from Bristol City for £250,000.

In total, Bolasie played in 31 encounters for the Eagles last season in all competitions, scoring six goals and providing six assists.

In other Everton transfer news, West Brom have launched a £21million bid for the club’s target.