Everton have announced a last-ditch deal for Arsenal winger Alex Iwobi.
The Toffees, who required a deal sheet to get the transfer over the line, have secured Iwobi’s services in a deal worth in the region of £35m.
Arsenal rejected Everton’s opening offer of £30m for the Nigeria international but Marco Silva’s side were successful with an improved bid.
The Merseysiders moved for Iwobi after balking at Crystal Palace's stunning demands for star man Wilfried Zaha.
Iwobi has put pen to paper on a five-year deal with Everton and takes their spending spree beyond the £100m mark for the second time in the last three summers.
The 23-year-old developed into an important first-team player in Unai Emery’s first season at Arsenal but the Gunners felt this was an offer too good to turn down.
Arsenal smashed their club-transfer record to land Nicolas Pepe from Lille in a £72m deal earlier in the summer and that knocked Iwobi down the pecking order.
Iwobi featured in all but three of Arsenal’s league matches last season and 22 of those were starts, though the Gunners had a better win ratio (62.5%) when he didn’t start compared to when he did (50%).
