Former West Brom youth product Iroegbunam has signed for an undisclosed fee and comes into an Everton team looking for midfield reinforcements.
That is because Belgian star Amadou Onana is still likely to leave the club this summer, although as yet there have been no concrete bids for him from other Premier League clubs.
A former England Under-19s star, Iroegbunam's signing is not unexpected news and we have been waiting for a few days for the Blues to confirm they have brought in the player.
He has been described as a powerful and athletic midfielder and the 20-year-old will presumably slot into Sean Dyche's side more or less straight away when the new campaign kicks off.
Of course that may not be the case, but Iroegbunam has recent Premier League and European experience so he is not a totally raw and untested talent.
A signing of this kind is interesting and appears to fit in well with Kevin Thelwell's approach of finding and securing young talent for the future and players who should improve enough to generate a good sell-on fee if they leave.
While Everton supporters wait to hear if Dan Friedkin's attempts to buy the club will be successful the club must continue to be savvy and careful in the transfer market.
Funds are tight and although Friedkin has entered a period of exclusivity prior to possibly taking control of the Toffees, there is no guarantee his bid will succeed, as past experience underlines!
And although it is strongly rumoured that Lewis Dobbin is going in the opposite direction to Iroegbunam and joining Villa - a move that will apparently ease PSR pressures - Thelwell and Dyche will still be cautious in their spending.
However, this has not stopped transfer rumours from circulating and the Blues are also being strongly linked with a move for French attacker lliman Ndiaye.
We will wait and see on that one but the story has been doing the rounds for a few days now so there might just be something to it.
More goals in the team are desperately needed, and although his scoring record at Marseille has not been great, he knows English football well from his time at Sheffield United - where he did once net fourteen times in a season - and would seem a good fit for Dyche's side.