David Moyes’ side signed the 30-year-old on loan from Man City with a £50 million option to buy included in the deal.
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Grealish has managed to rediscover some form on Merseyside but is likely to miss the rest of the 2025-26 season due to a broken foot.
According to I Paper, Everton want to keep hold of the winger but are unwilling to pay the feel they initially agreed.
Everton are now hoping to negotiate Man City down to a £25 million fee, with the report stating that Grealish’s parent club would be willing to have a conversation.