By North-west correspondent Alex Stevens

Everton are ready to smash their wage structure by offering key summer targets wages of more than £100,000-a-week, according to a report.

New billionaire investor Farhad Moshiri has already made it clear he is ready to spend heavily to attract top talent by paying a £5million compensation package to Southampton for incoming manager Ronald Koeman.

The Liverpool Echo claim Moshiri is also ready to pay top money to strengthen a squad that finished 11th in this season’s Premier League.

Romelu Lukaku is the squad’s biggest earner on weekly wages of around £70,000 but Everton are said to be willing to pay players six figure salaries after tax.

Koeman is to be named as Roberto Martinez’s replacement imminently as Everton’s near-month long search for a new boss draws to a close.

For many years, Everton have been unable to compete with the top sides for players because of their limited wage budget.

But club’s fortunes have been transformed by Moshiri’s investment and the Merseysiders are now confident they can finally attract the calibre of player to transform them into a club capable of competing regularly at the top end of the league.

Koeman has reportedly been told he can expect a transfer kitty of £100million plus whatever he brings in from the sale of players.

Wantaway striker Lukaku is expected to leave this summer, with Chelsea favourites to land his signature, while Manchester City have set their sights on John Stones.

In other Everton news, Koeman could be ready to return to the south coast to sign another player.