Pienaar, who cost Spurs between £2.5million and £3million, is reported to have signed a four and a half year contract with Spurs.
Spurs confirmed the transfer on their official website saying:
“We are delighted to announce that we have reached agreement with Everton and Steven Pienaar for the player’s transfer to the club.”
This is a big signing for Spurs as they went head to head with the Premier League Champions and Pienaar picked White Hart Lane over Stamford Bridge. I think that says a lot about what London team is in the ascendency and what one is declining.