The United States international goalkeeper will sign a contract worth around £10 million, keeping him at Goodison Park until 2014.
The 37-time capped USA international goalkeeper is expected to put pen-to-paper on a deal that will see him stay at Goodison Park until 2014 and pocket around £10 million in the process.
The news is likely to please fans of the Toffees as well as manager David Moyes. The 30-year-old has been a consistent performer since joining from Manchester United for £3m in 2007 following a successful loan spell.
The 6ft 3in shot-stopper, who has made 133 first-team appearances for Everton, helped the Toffees to a fifth placed finish in the Premier League in the 2008-09 season by appearing in all 38 fixtures.
Should Howard sign a new contract, he will join Phil Jagielka and Joseph Yobo in committing to Everton for the next five seasons.
Ricky Brooks, Goal.com