Everton and Rangers have struck a deal for the transfer of striker Nikica Jelavic, according to Sky Sports sources.
The Croatian striker has been linked with a host of clubs this month following a series of impressive performances in the SPL during the first half of the season.
Ally McCoist has made it clear that he would prefer to keep Jelavic but the level of interest has been so great that it looks as though Gers may have been able to agree what they believe to be a good deal.
David Moyes dodged questions about his interest in the 26-year-old on Monday after it emerged that Everton had lodged a bid over the weekend.
It is now understood that the two clubs have reached an agreement over a fee, with the Toffees able to spend some money following the sale of Diniyar Bilyaletdinov to Spartak Moscow.
He has still not finalised personal terms or undergone a medical, but Everton will be hoping to push through a deal before the 11pm deadline on Tuesday.