The 21-year-old is set to have a medical with the Premier League champions on Sunday to become their first summer signing after the clubs agreed an undisclosed fee for his transferEverton have accepted a bid from Manchester City for the transfer of midfielder Jack Rodwell.
The Toffees have revealed that an undisclosed fee has been agreed with the Premier League champions and the 21-year-old is set to have a medical on Sunday prior to a move.
Rodwell came through the ranks at Everton and has made over 100 appearances since making his breakthrough under David Moyes.
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"I can say we consider Jack a good player, a young player, he will be an important midfielder for England in the future and for us," City manager Roberto Mancini told reporters before Sunday's Community Shield.
"He's a player with a good attitude. He will be an important player for the future."
Rodwell had been widely expected to make Stuart Pearce's Team GB squad this summer but was forced to withdraw after suffering yet another injury blow prior to the tournament.
The Southport-born midfielder was handed his first England cap by Fabio Capello in November 2011, making a substitute appearance during a 1-0 friendly victory over Spain.
The former Under-21 international is set to become Roberto Mancini's first purchase of the summer transfer window should the move be confirmed.