Everton are in talks with Manchester City over a new deal for striker Jo.
The Liverpool Echo says the Blues hope to reach an agreement without Joleon Lescott's name being brought into the equation.
England defender Lescott has been touted all summer as a potential City target.
But while Everton have not received an official enquiry yet, they are hoping to persuade Mark Hughes to release Jo on loan.
David Moyes wants to keep the Brazilian striker after a promising spell in the second half of last season.
But he is also keen to keep hold of Lescott.