Everton are ready to walk away from a permanent deal for on-loan West Ham striker Enner Valencia.

The Liverpool Echo says Everton signed the 27-year-old on a season-long loan in August with the option of buying him from West Ham United in a transfer worth around £11million.

But after weeks of talks, Everton are in the process of walking away from negotiations.

Ronald Koeman will have the final say on the deal and it is believed he wants the club to pursue other forward targets this summer.