Action Images via Reuters / Carl Recine Livepic

Everton’s 125-year occupation of Goodison Park drew closer to coming to an end Thursday with reports that the club has reached an agreement to purchase land where it intends to build a new stadium.

Andy Hunter of the Guardian reports that the Merseyside outfit came to a financial agreement to purchase land at Bramley Moore dock – which is roughly two miles away from Goodison.

Details of the agreement have not been released, but it’s believed that the land was estimated by the owners, Peel Holdings, to be worth £30 million. However, the final figure Everton is expected to pay will be lower.

The reported deal is a significant step toward the construction of a new state-of-the-art stadium and is expected to be confirmed later in the day.

The club is also expected to receive financial help from Liverpool City Council and will only complete a deal to buy the land once it secures funding to make the project a reality.

Everton is scheduled to submit an application for planning permission later in the year.