Watford has confirmed that it has reached a compensation agreement with Everton over the appointment of Marco Silva.
Silva joined Everton in the close season, having been sacked by Watford in January 2018, with the Hornets having turned down several offers from the Merseysiders the previous November.
Watford made an official complaint to the Premier League over Everton's pursuit of Silva, but an inquiry into both clubs will be avoided, with a compensation package – reportedly in the region of £4million – now agreed.
A Watford statement read: "Everton and Watford can confirm that they have reached an amicable agreement regarding the appointment of Marco Silva as Everton manager last year.
"Both Everton and Watford are keen to move on from this matter. No further comment will be made."
Silva is under scrutiny at Everton, which lost 1-0 at Vicarage Road in its most recent outing and has won just three of its last 14 league games. Watford sits four points above the Toffees in eighth.
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