Everton are reportedly set to stage a major transfer coup by snapping up Argentina midfielder Lucho Gonzalez for £10million from FC Porto.

Toffees boss David Moyes is believed to be closing in on the signature of the 26-year-old, who starred for his country at last year's World Cup finals and in the recent Copa America tournament in Venezuela.

Gonzalez, who moved from River Plate to Portugal two years ago, is highly valued by his club but the Daily Express claims Porto would be prepared to sell for an eight-figure sum.

If the Goodison outfit do break their transfer record - they paid Crystal Palace £8.6million last summer for England striker Andrew Johnson - it would represent a significant sign of intent ahead of the new Premier League season.