Walcott joined Arsenal in 2006 and had made 397 appearances for the club, scoring 108 goals.
But he has found his opportunities limited this season and has yet to start a game in the Premier League.
Arsene Wenger has always stated he wants the attacker to stay at the Emirates, but Walcott made it clear to the Arsenal boss that he wanted to move on to secure some first-team football.
Sky Sports News ✔
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BREAKING: Theo Walcott has passed medical and agreed personal terms with Everton ahead of transfer from Arsenal. #SSN
Initially, he was looking at a short-term loan move, but Everton have
come in and agreed to match his wages as well as meeting the transfer fee set by Arsenal.
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