"I want to show my best football here and discover the best league in the world. Everybody loves the Premier League. I am loving the fact I am coming here," Digne told Everton's website.
"I am not afraid, I am excited. For me, it is a new challenge to discover a country, a league, people and a great club such as Everton. It is fabulous."
Digne, who missed out on France's World Cup squad this year, previously played for French top-flight side Paris St Germain, winning two Ligue 1 titles, and also completed a loan spell at Italy's AS Roma.
Everton manager Marco Silva praised Digne's attributes and welcomed the competition with Leighton Baines at left-back.
"He is a high-quality player, aggressive, with good technical ability and... he has demonstrated his clear quality in Barcelona," Silva said.
"Lucas is a player who will add competitiveness in a position where we only had Leighton Baines last season and he is accustomed to winning. This is his mentality having captured titles in his career and having these on his resume."
Everton travel to Wolverhampton Wanderers in their opening league match on Aug. 11.
(Reporting by Aditi Prakash in Bengaluru; Editing by Amlan Chakraborty)
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