The two clubs have agreed a fee reported as £8.6 million in the press.
“Everton are in the top five and have a real chance of playing in Europe next season. From when I was a young boy, I always wanted to play in the Premier League. The fact I am going to do it with one of the biggest teams in the Premier League makes this move even more special,” said Fer.
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Chelsea have struggled to build momentum in the opening stages of the campaign and are currently looking over their shoulders at the relegation zone.
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