Despite the transfer window closed for business, the deal was ratified by the Premier League because a deal sheet was submitted before the 1700 hours deadline.
Though the financial terms have not been disclosed by the two clubs, the transfer fee Everton paid for Iwobi is at least £35m, making him the most expensive player of Nigerian descent in history.
Togo international Emmanuel Adebayor previously held the title of the most expensive player of Nigerian descent in history following his move to Manchester City from Arsenal for a transfer fee of €29 million in July 2009.
In 149 outings for Arsenal across all competitions, Iwobi scored fifteen goals.
Ifeanyi Emmanuel
Photo Credit : evertonfc.com
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