The striker has elected to stay at Goodison Park this summer.
New manager Ronald Koeman during the press conference
The Belgian striker has been linked with a move away from Goodison Park all summer after scoring 25 goals in all competitions last season.
Indeed, the player and his agent have openly discussed his desire to play Champions League football over the last few months.
However, Everton held firm by putting a £75 million asking price on his head to ward off interest in his services.
Everton's Romelu Lukaku
It appears to have worked, with the Mirror reporting that he has now decided to stay at Goodison Park.
And in his column for De Telegraaf, Koeman has labelled the news as totally awesome, saying keeping the striker is like a big transfer for the club.
"For the club and for this group it is totally awesome,” he told De Telegraaf.
“Him staying at the club is just as valuable as a big transfer. I think he sees that we want to improve a lot in all areas. Both the team, and to develop himself into a top player is a challenge for me.”
Romelu Lukaku celebrates after scoring the first goal for Everton
It now remains to be seen if Lukaku can replicate last season’s form after deciding to stay at Goodison Park.
He was the star man in a side that struggled last year so fans will be hoping to see him do even better in a team looking to impress under Koeman.
The Blues will certainly be keen to help him do so as they will want to prove to the striker that his decision to stay is the correct one.
Romelu Lukaku celebrates with Ross Barkley after scoring the first goal for Everton from the penalty spot