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Everton give up on Wilfried Zaha to complete signing of Alex Iwobi

• Fee for move north from Arsenal could reach £35m
• Premier League summer spending record more than £1.4bn

Everton completed the late transfer of Alex Iwobi from Arsenal more than two hours after the transfer window closed on Thursday night having refused to meet Crystal Palace’s £100m valuation of Wilfried Zaha. Iwobi is Everton’s seventh summer arrival and has signed a five-year contract with the Goodison Park club, with the fee for the Nigeria international which could reach £35m ensuring the Premier League set a new spending record of more than £1.4bn.

Related: Unai Emery has made me believe in myself again, says Arsenal’s Alex Iwobi

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