Everton have reignited their interest in Malcom.
The Barcelona winger started just six La Liga games following his move from Bordeaux last summer.
Arsenal and PSG are both keen on signing the Brazilian.
The Toffees had reportedly moved on to other targets, but RMC Sport says the Merseyside outfit are ready to launch an offer worth £31.5m.
Marco Silva is hoping to bolster his squad to compete for a top-six spot next season.