Everton were linked with a move for Santiago Arias about a week ago.
Latest reports from El Gol claim that the Toffees are now ready to offer €40m for the defender this summer.
The report translated by SportWitness claims that Atletico Madrid would be willing to accept that kind of an offer because it would help them make a profit on the player.
It will be interesting to see if the Premier League outfit make their move in the coming weeks.
Everton could certainly use a quality right back and Arias would be ideal.