Everton are eyeing Atletico Madrid winger Thomas Lemar.

Le 10 Sport says Everton chiefs, along with manager Carlo Ancelotti, believe they can help Lemar recapture his best form after a disappointing past season in Madrid.

Everton are ready to formalise their interest, though will warn Atletico they must accept a hefty hit on the original €70m they paid Monaco two years ago for the attacker.

Lemar has been frozen out by coach Diego Simeone since the season restart and has little chance of a future with Atletico.

The France international's contract runs to 2023.