Everton's New Formula for Jack Grealish Transfer Revealed

Everton are pursuing a permanent transfer for Manchester City loanee Jack Grealish this summer, but with a smarter financial strategy that avoids the hefty £50 million buy option in his loan agreement.[1][2][4][6]

Grealish's Impressive Loan Spell Cut Short

The 30-year-old England international joined Everton on a season-long loan from Manchester City in summer 2025 after falling out of favor under Pep Guardiola. Grealish quickly revitalized his career, making 20-22 appearances across competitions, scoring two goals, and providing six assists under manager David Moyes.[1][2][3][4][5] However, a serious foot injury requiring surgery has ruled him out until at least April, potentially sidelining him for the rest of the 2025/26 Premier League campaign.[1][2][3]

New Transfer Formula: £20-25 Million Deal

Rather than triggering the £50m clause—intended mainly for City's accounting—Everton plan to negotiate a reduced permanent fee of around £20-25 million. This "new formula" leverages Grealish's expiring contract (final 18 months left), his injury-lowered market value, and City's eagerness to offload him.[2][4][6] Reports indicate City are open to talks, with Grealish himself keen to stay at Goodison Park (soon to be Hill Dickinson Stadium), where he has thrived.[2][3][4]

Financial Feasibility and Alternatives

The deal fits Everton's £70m net spend budget under Profit and Sustainability Rules (PSR), especially with potential sales of players like Iliman Ndiaye, James Garner, or Kiernan Dewsbury-Hall (signed for £25m last summer).[1][4] One proposed swap involves Dewsbury-Hall for Grealish plus £15m.[1] If no permanent agreement is reached, Everton are enthusiastic about another loan for 2026/27, or Grealish could leave City as a free agent in 2027.[3][4]

Future Outlook

Despite the injury setback, Moyes remains keen, viewing Grealish as key to Everton's ambitions. While some speculate an MLS move, the winger's preference appears to be staying with the Toffees.[2][5] Talks are intensifying as his loan nears its end.[4]

(Word count: 298)