Valencia have confirmed that Everton will have an option to purchase Manuel Fernandes on a permanent deal when, as expected, he joins the Premier League club on loan in the coming days.

The Portugal international has arrived on Merseyside to undergo a medical and is expected to agree to return to the club having enjoyed a successful 11-game spell on loan with The Toffees last season before joining Valencia in a £12 million deal.

Confirming that the two clubs have come to an agreement over a loan switch for the midfielder, Valencia also revealed that Everton will have the chance to finalise a permanent deal should they wish to do so.

"Valencia and the English club Everton have reached an agreement by which the Portuguese midfield player Manuel Fernandes will play in England on loan until the end of the season," read a club statement.

"The agreement includes an option of purchase on the part of the British club."