Smith's move is reportedly nearing completion, with talks between Everton and Manchester City at an advanced stage. It is understood that Manchester City is not putting up a strong opposition to the move, as Smith has expressed his desire to rejoin Everton.
As a result of his impending departure, Smith has been placed on gardening leave by Manchester City, who are also undertaking a restructuring of their football operations under the new director of football, Hugo Viana.