The Toffees who already signed a defender this summer were forced to bring Coady after they lost Ben Godfrey to a long-term injury in their loss against Chelsea on Sunday.
The England defender arrives at Goodison Park on an initial loan and he will provide cover for the Everton backline that has lost both the aforementioned Godfrey and Yerry Mina to injuries.
Speaking after joining the Goodison Park side, the Liverpool-born defender said to EvertonTV;
“It’s incredible to join Everton.
“As soon as I heard the interest, from the manager but also the football club itself, I really wanted to be part of it straight away. I’m over the moon to join.
“I’ve grown up around the city, I know the football club, how big this club is and what it means to the supporters. I’m someone who was desperate to come here, to play for this club. I’ve got family and friends who are massive Evertonians.
“I’m here to give absolutely everything I’ve got for this football club. It’s important I work as hard as I can to help my teammates, help the club move forward and make people proud.”
Manager Frank Lampard said: “We are delighted to bring a player of Conor’s quality and vast experience to Everton and he fits into how we want to play as a team.
“As well as being one of the Premier League’s most reliable defenders and an England international, his leadership skills will be of huge benefit to us, too.”Coady, a former Liverpool player and academy graduate, became an established Premier League defender in his four seasons with Wolves. But he recently fell down the pecking order at the Molineux, but will now return to the Merseyside club where he hopes to get more game time.
With Mina and Godfrey injured, Coady will hope to line up with summer signing James Tarkowski at the heart of the Everton defence. The 29-year-old is the latest signing in a recent surge of transfer activity from Everton, who recently brought in Ruben Vinagre on loan from Sporting CP and Dwight McNeil from Burnley for £20m.