The Australian midfielder has been at Goodison Park for eight years, and is a fans’ favourite due to his combative approach and eye for goal.
However, the Merseysiders are ready to let their long-standing attacker leave the club this summer.
“Everton have agreed with Major League Soccer (MLS) that Tim Cahill can be transferred to the New York Red Bulls,” a statement on the club’s official website reads.
“Tim, 32, will move to the Red Bulls for a nominal fee, subject to agreeing personal terms and passing a medical. He will travel to the US in the next few days.”
Cahill has scored 68 goals in 278 appearances for David Moyes’ men, but had a frustrating 2011-12 season, with his goalscoring prowess looking slightly blunted.
A fee of around £1 million is expected to have been agreed.
By Gareth McKnight