Yobo has been one of Everton's key players this year, and fans have been eager to see his one year loan move extended by a further four years.
The fee for the extension is a pre-agreed £4m, and it is expected that the move will complete during the transfer window in January.
Yobo has already expressed his desire to sign a permanent deal, saying "I am happy with everyone, I am used to everything and I am very happy. Of course I will be happy to stay, I am more or less settled now."
All good news here then!