By Alex Stevens

Everton are close to finalising a £5million compensation deal with Southampton for Ronald Koeman to take over at Goodison Park, according to a report.

This will pave the way for the Merseysiders to appoint the Dutchman as their new manager within days.

Everton have been locked in talks with Southampton in recent days as they try and thrash out a compensation package for Koeman.

Koeman has one year remaining on his contract with the south coast club, and it was claimed last week that the compensation figure is the equivalent of a year’s salary, which is £3million.

However, Sky Sports reported on Monday morning that the sum Everton are set to pay the Saints will be considerably higher, at £5million.

The former Dutch international is set to earn £6million-a-year at Goodison and will be handed a club record transfer kitty, which is set to exceed £100million.

Bookmaker Sky Bet has suspended its next Everton manager market on Sunday following a wave of large bets on Koeman.

The 53-year-old has been pursued to succeed Roberto Martinez, who was sacked by Everton at the end of the season, after another strong campaign in the Premier League with Southampton.

The Dutchman has guided the Saints to back-to-back record breaking points totals in the Premier League and this season secured Europa League football.

In other Everton news, Koeman has already shortlisted a Premier League defender to be his first signing at the club.