Crystal Palace shareholder John Textor has reportedly entered a period of exclusivity to pursue the purchase of Farhad Moshiri's majority stake in Everton.
The American businessman holds a 45 per cent stake in Crystal Palace, which he holds through his Eagle Football Group.
However, The Athletic have reported that Textor has signed agreements with Moshiri and the Toffees.
Premier League rules currently forbid the ownership of two clubs in the same division.
This means that Textor would have to sell his 45 per cent stake in Palace, before he can purchase the Toffees.