The Toffees want to add quality to their team before closing the transfer window.
Negotiations between the two clubs are progressing well, the proposed package should be slightly more than 40 million pounds sterling.
The structure of the agreement is being finalized and will include a 20% sales clause for Southampton.
If everything goes as planned, the 19 -year -old winger will undergo a doctor early next week. Dibling is currently under contract in Southampton until 2027.
Dibling presented 38 times all competitions last season, scoring four goals and providing three assists. His performances earned him a regular place in the first team.
Dibling uses body feints and acceleration to slide past defenders and create goal opportunities.
Its narrow control allows it to operate effectively in tight spaces or on the counterattack. He prefers the cut inside large areas to pull or deliver key passes.
The vision of Dibling, the ability to combine short and long passes and creativity in the last third make him an unpredictable attacker threat and a precious addition to any team.
Everton will aim to bounce back from defeat in Leeds when they face Brighton & Hove Albion at the Hill Dickinson stadium this weekend.