Everton have agreed a £1.5million fee with Sheffield United for 19-year-old Dominic Calvert-Lewin.
The teenage forward also had interest from Manchester United but will now move to Goodison Park and bolster the club's Under 21 squad.
The Toffees first made a £1m move for Calvert-Lewin in July, but a deal could not be agreed.
The 19-year-old had an impressive spell at Northampton last term. He scored eight goals in 26 appearances in the first half of the campaign for the Cobblers, who ran away with the League Two title under the charge of now Blades boss Chris Wilder.