Multiple outlets in the UK have reported that Benitez has agreed a three-year deal with the Toffees.
The news comes despite backlash from a section of Everton's supporters over the appointment.
Several banners were hung up outside Goodison Park protesting at Everton's move for Benitez.
Another banner reading "We Know Where You Live - Don't Sign" was also aimed at Benitez, although it was actually left outside the wrong house.
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