We understand Everton have landed Sandro Ramirez on a five-year deal for £5.25m and will give him the No 9 shirt.
Ramirez was just 19 years old when he made his Barcelona debut against Villarreal in August 2014 - and scored just 12 minutes after coming on.
He left the Nou Camp on a free transfer a year ago but scored 14 La Liga goals in an impressive season for Malaga - and notably helped them beat his old club 2-0 back in April. He was also part of the Spain side that reached the U21 Euros final.
Everton have made a bid for Benfica forward Raul Jimenez, believed to be around €45million (£39.6million), but the Portuguese club will only accept a fee of €50million (£44million), according to reports in Portugal.
The Mexican has spoken openly about his desire to play in the Premier League.
Everton FC has signed a landmark finance deal with a Chinese bank that could bring in tens of millions of pounds over the next three years.
And the club says the £60m deal could open up new opportunities in the massive Chinese market.
Industrial and Commercial Bank of China – the world’s biggest bank – has agreed to give the club a £60m three-year credit facility.
* What’s the money for – is it for the stadium?
It’s not for the Bramley Moore Dock stadium plan– £60m wouldn’t be anywhere near enough for that project.
Instead this money will be used for the club’s day-to-day spending, whether on transfers or other activities.