Despite Grealish's current £300,000-a-week City deal, Everton are on the brink of landing the England international, says The Times.
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City have been encouraging Grealish to find himself a new club this summer.
Everton are now closing on a deal and are refusing to allow the player's wage demands to become a stumbling block.
A loan-to-buy arrangement is likely with City set to cover a percentage of Grealish's salary to smooth negotiations.