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He'll join the MLS club as its third Designated Player.

New York Red Bulls have confirmed the signing of Tim Cahill from Premier League side Everton.

The 32 year-old joined the Toffees from Millwall in 2004 for a fee of 1.5 million pounds. The Australia International has established himself as a fan favorite at Goodison Park scoring 56 goals in 226 appearances.

However, last season Cahill’s impact appeared to diminish as he contributed just two goals and subsequently rumors began to emerge that he was considering a move away from the club, with the Toffemen confirming this week that they had agreed a deal with the MLS side for the player. The former Milwall midfielder has expressed his excitement about the next chapter in his career.

He told the Red Bulls' official website: "I am very happy to start a new chapter of my career with New York Red Bulls. As we have seen over the past few years, MLS has developed into a very competitive league with many talented players."

"I am impressed with what the Red Bulls are trying to accomplish in MLS and within American soccer and I am looking forward to this new challenge. I will do everything I can to help bring New York its first MLS Cup.

"I also want to thank everyone at Everton, from the club to the tremendous supporters. It has been a privilege to be an Everton player for the past eight years and it was a very difficult decision to leave. I will always support Everton and I wish the club the best of look for the future."

Red Bulls General Manager Erik Soler echoed Cahill's sentiment and is excited to be able to bring him stateside.

“We are absolutely thrilled to bring in a player of Tim’s caliber to the Red Bulls,” said New York Red Bulls General Manager and Sporting Director Erik Soler. “He is the technical, physical presence we have been looking to add in our team and he brings a wealth of experience to our club having played in some of the highest levels of international soccer.

"Tim is a proven leader both on and off the field and we believe that he can help us immediately in our quest to win the MLS Cup this season.”   

New York will travel to Stade Saputo to take on the Montreal Impact on July 28. It is unknown whether Cahill will be available for the match.

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