Everton are launching a bid for Leicester City goalkeeper Kasper Schmeichel.

The Sun says Everton are reeling at the £30million price tag on keeper Jordan Pickford — and will now target Schmeichel.

Toffees manager Ronald Koeman would pay £10m for the Sunderland No 1 following his stunning breakthrough this season.

Pickford, 23, is also keen on the switch despite rival interest from Bundesliga big-hitters Red Bull Leipzig and a possible move by Arsenal.

But Everton are not willing to spend up to three times their valuation on the prospect, who heads off on international duty with England Under-21s next month, and there is no sign of a compromise.