The signing was confirmed by the club as it met city rivals Liverpool in a crucial FA cup clash at Anfield, reports Xinhua news agency.
Tosun, who has signed a four-and-a-half year deal with Everton, was described by the club's manager Sam Allardyce as the best in Europe at that price.
"This lad looks like he is strong mentally and has a good pedigree," said Allardyce.
Tosun, who has joined Everton from Besiktas, and has been capped 25 times for his country, said he is eager to be involved in Everton's next EPL game, against London club Tottenham on January 13.
In an interview with EvertonTV, Tosun said: "It feels great to be an Everton player. I'm really happy to be here and happy that everything is done. I'm really excited to play for Everton as soon as possible. Everton is a great club with a big history and a big culture and I'm looking forward to showing the fans the kind of player I am."
Allardyce described the signing, his first as Everton manager, as a massive boost for the club.
"He is Turkey's number one striker and has scored goals in the Champions League and the Turkish League. I don't think you can look any more than we have done and, for the price, this is the best in Europe at the moment," said the manager.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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