Isco of Real Madrid in action during the La Liga Santader match between Valencia CF and Real Madrid at Estadio Mestalla on November 8, 2020 in Valencia, Spain.
Carlo Ancelotti is reportedly planning an audacious move to make Isco the latest superstar to swap Real Madrid for Goodison Park.
The out-of-favour playmaker has steadily fallen further down the pecking order in the Spanish capital, and is used sparingly by manager Zinedine Zidane.
Talk is growing surrounding Isco's future and Madrid's need to recoup some finances, and now Everton are reported to be readying a bid.
According to French outlet Le10sport, Ancelotti has earmarked Isco as the man he wants in the upcoming January transfer window.
It is reported that Ancelotti feels a similar kind of agreement to the one which saw James Rodriguez sign for the Toffees can be struck.
The likely structure of the deal would see Isco arrive on loan in January, before securing a potential permanent transfer at the end of the season.
Isco's current deal at Madrid runs until 2022, meaning the Spanish giants must sell the player by next summer in order to obtain a fee.
Reports claim that Madrid would take in the region of £20million, representing almost a full recovery of the cash they paid to sign the midfielder in June 2013.
Madrid are said to be readying a huge spend next summer, after tightening the purse strings during the coronavirus pandemic.
Incoming cash for the likes of Isco and other surplus stars would therefore be welcome, as Madrid once again look to stamp their authority on domestic and European football.
As reported by Sportsmail, Madrid are confident of pulling off the biggest deal of next summer with a £161m capture of PSG's Kylian Mbappe.
Zidane's side are also said to be putting money aside for Rennes wonderkid Eduardo Camavinga and RB Leipzig defender Dayot Upamecano.
