The Friedkin Group have agreed terms with Farhad Moshiri for the takeover of Everton.
Blues owner Moshiri is now set to hand Friedkin a period of exclusivity to conduct due diligence, says BBC Sport.
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However, a decision to exercise the option to buy the club could come as early as this weekend.
Moshiri holds 94 per cent of Everton's shareholding and has been seeking a buyer for almost two years. A deal with 777 Partners was agreed, but then fell through last month.
The Friedkin Group are also owners of AS Roma.