Swansea City boss Paul Clement has confirmed talks are ongoing with another club over the possible transfer of Everton target Gylfi Sigurdsson.

"Talks are ongoing between our club and another club, in particular. But as we stand, he is still a Swansea City player," Clement said of Sigurdsson on Sky Sports News.

"It's possible he could be here, it's possible he could move. We don't know yet.

"This won't go until the end of the window, we won't allow that to happen. Business needs to be done, otherwise the player needs to stay here.

"We are not going to get into a situation where the player potentially goes, we have funds available, but there's no time to do any deals.

"We end up weaker and there's no way that's going to happen."

Swansea's owners have played hardball with Everton, and are understood to have insisted they want £50m for Sigurdsson, although Clement concedes any deal must work for both sides.

"For a deal to be done, it has to be a win-win for both clubs and hopefully that's going to be the situation we get to very soon," he added.

"I think our owners have a very clear idea of the valuation of Gylfi. The situation from the other side is that they don't see it like that and the negotiations begin. That's the nature of business in football.

"In any deal it could be a cash deal, there could be add-ons, or the potential of a player involved in the deal. I think all those options have been spoken about."