This move marks a return to Everton for Smith, who previously worked with the Toffees during Moyes' time in charge. Talks between Manchester City and Everton are now at an advanced stage, with City not opposing Smith's move, given his desire to rejoin the club.
It's worth noting that Smith has been placed on gardening leave by Manchester City, as the club undergoes restructuring under new director of football Hugo Viana. This development suggests that Smith's departure is all but certain.