Everton are in advanced discussions with Burnley over the transfer of Dwight McNeil for an undisclosed fee.
The 22-year-old is having a medical at Finch Farm and the deal is likely to be completed in the next 24 hours.
McNeil has plenty of Premier League experience, having already made 134 top-flight appearances for Burnley.
The attacking midfielder had also been attracting interest from London sides West Ham and Crystal Palace.
McNeil has two years remaining on his current Burnley contract, with the Clarets retaining the option to extend that contract by a further year.
On Wednesday, the Toffees signed Sporting Lisbon defender Ruben Vinagre on a season-long loan deal, making him their second summer signing under Lampard.
The versatile Portugal Under-21 international, who can play as either a left-back or a left-sided wing-back, spent five years at Wolves between 2017 and 2022, the first of which was on loan from Monaco. The Portuguese club then turned the 23-year-old’s loan into a permanent move this summer before selling him back to England.
Everton also have the option to purchase the player for a fee in the region of ÂŁ18m at the end of next season.
“It’s a dream come true to join a big club like Everton,” Vinagre told evertontv. “The opportunity to work with very good players and a very good coach in Frank Lampard made me excited to sign.
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“The manager is a football legend. Everybody knows him and the opportunity to work with and learn from him and someone like Ashley Cole one of football’s best left-backs is very big for me.”
Everton will begin their 2022/23 Premier League campaign with the visit of Chelsea to Goodison Park
Richarlison scored the only goal of the game when the two sides last met in April to spark a run of 10 points from five games which preserved Everton’s top-flight status for a 69th successive season.