Everton have failed with a loan bid for Real Zaragoza striker Diego Milito.

The Mirror says Milito, 29, is the Spanish club's captain and one of the most prolific strikers in La Liga, but Everton want to take him for a season before going ahead with his signing.

That approach has shocked relegated Zaragoza, who are negotiating with Milito's former club Genoa about a return to Italy.