LONDON (DPA) - Everton splashed the cash just before the transfer deadline as they completed the signing of Alex Iwobi from Arsenal late on Thursday (Aug 8).
The 23-year-old Nigeria international signed a five-year deal, reportedly for £40 million (S$67 million dollars), making him Everton's seventh signing this summer.
"Alex was one of our main targets for this window and I believe he is a fantastic signing for Everton," manager Marco Silva told the club's website.
"He is a direct and skilful winger and attacking midfielder who always works very hard for his team.
"He is still young but already with a lot of top-level experience - 100 Premier League matches, more in Europe and many international games."