Talks between Everton and Swansea City over Gylfi Sigurdsson have broken down, according to a report.
The Iceland international, who scored nine goals and set up 13 more in 38 Premier League appearances last season, has long been rumoured to be a key target for the Toffees.
According to Sky Sports News, which has quoted an anonymous source, a verbal agreement was reached between the two clubs, only for Everton to withdraw the offer 48 hours later and refer back to a previous offer, understood to be around £40m.
The report goes on to quote another source who has claimed that the deal is by no means off and that the two clubs are still trying to find a resolution, being less than £5m apart on a fee.
Sigurdsson joined Swansea from Tottenham Hotspur in 2014 and has made 131 appearances in all for the Welsh side, scoring 37 goals and assisting another 30.