Everton are reportedly now closing in on a deal for a new sponsor for their 2022/23 kits as their relegation fight continues at Watford on Wednesday.

The Lowdown: Cazoo ties ended

It was reported back in March that the Goodison Park faithful will end their sponsorship deal with Cazoo at the end of the season.

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The car dealers have been sponsoring the Blues' shirts since the summer of 2020, but the Merseyside club will now be looking for a new sponsor going into the new campaign.

The Latest: Terms agreed

As per The Liverpool Echo, the Toffees are now 'closing in' on a new shirt sponsor to replace Cazoo.

They have already 'agreed terms' with a new partner, although they have not yet been named.

However, this is only an agreement in principle, and could change if they end up relegated from the Premier League.

Nonetheless, the proposed deal is thought to be a 'significant lift' on what Cazoo were paying.

The Verdict: Needed

After cutting ties with Cazoo, the situation with the sponsor needed sorting out sooner rather than later.

It looks as if the Blues could be getting a better deal, which of course would be a big boost in the financial department, but a lot depends on their top-flight status.

Nonetheless, Frank Lampard and his team will be playing down any off-field developments as they look to secure all three points away at an already-relegated Watford side tonight.

In other news, find out what 'huge' EFC injury update has now emerged here!