Blues winger Diniyar Bilyaletdinov is understood to be close to signing for Spartak Moscow.
Spartak say Billy has agreed terms but talks are ongoing with Everton to finalise the deal.
The Moscow club say they had reached an agreement 'In principle' with Everton.
A statement on Spartak's Website said: 'The contract will be signed after the medical examination'
Its safe to say Billy has made less of an mpact since joining the Blues for £10 million in 2009.
Billy has won 39 caps for Russia and has scored 9 goals in 77 appearances for Everton.
No fee has been revealed but its believed to be around £5m. David Moyes may use the money to cover the defence or target Fiorentina's Alessio Cerci, who the Blues have been strongly lnked with.
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