Leicester City are set to sign Everton striker Tom Cannon for £6 million.

According to journalist Alan Nixon, reporting on his Patreon page, Leicester City have won the race for the services of Tom Cannon, with Everton willing to accept their £6 million offer for the player.

The 20-year-old forward spent last season on loan with Preston North End in the Championship, scoring eight goals for the club. Preston North End themselves were keen to sign Cannon permanently this summer, as were Middlesbrough, who have lost Chuba Akpom to Ajax.

However, Leicester City have managed to reach a late agreement with Everton ahead of all other contenders.

Sean Dyche has been keen to cash in on Cannon to fund the Toffees’ ambitions to make further signings of their own. With Alex Iwobi also set to leave Goodison Park (as per The Daily Mail), Cannon looks ready to join him in the Merseyside departure lounge. Dyche had already identified both players as potentially sellable assets on transfer deadline day, according to The Guardian.

Everton FC v Wolverhampton Wanderers - Premier League
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A good move for Everton and Cannon

Cannon was always going to struggle for regular game time this season at Everton. The Toffees are in dire need of a proven, experienced, and reliable goalscorer. The Republic of Ireland under-21 international simply isn’t yet ready to shoulder the responsibility of firing Everton to top flight safety.

Dyche will be desperately hoping that new arrival Beto, who has joined Everton from Udinese, fits the bill in that regard.

Meanwhile, Cannon will be keen to establish himself as one of the top talents in the second tier of English football. He has huge amounts of potential, and regular game time at that level, as part of an impressive Leicester City squad who are gelling nicely under Enzo Maresca, will do his development a great deal of good.

Everton, for their part, have got their wish and now need to spend the money raised by Cannon quickly.

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