Portuguese newspaper A Bola reports that Cardozo’s agent Pedro Aldave and club president Luis Filipe Vieira has held talks over the striker’s future and has agreed on a £16million price tag.
Cardozo joined Benfica from Newell’s Old Boys in 2007 and has scored 57 league foals for the Portuguese side over the last three seasons.
Everton face competition from the likes of Fenerbahce, Galatasaray and PSG in the race to sign the striker.
