Everton will look to command a £50million fee for Ross Barkley with the increasing likelihood he will leave this summer.

Ronald Koeman, Everton's manager, issued an ultimatum last week when he stressed that Barkley would have to be sold if he did not sign a new contract. He imposed a deadline for that to happen before the end of the season.

Discussions with the England international have gone on for most of the campaign, right through to last week, but there has been no sign of a resolution and nor is one expected before that deadline passes.

Everton will demand £50million for Ross Barkley if he opts to quit Goodison Park this summer

Ronald Koeman said if Barkley didn't sign a new deal by the end of the season he would be sold

Barkley has 12 months remaining on his current terms and if he was to stay but leave on a free transfer at the end of that contract, Everton would not be entitled to any compensation as he would be 24.

It means Everton will have no choice but to listen to offers for the Academy graduate, with Tottenham and Arsenal both monitoring the situation.

The fee Everton would attempt to generate is the one that Manchester City were quoted in June 2014 when they first enquired about Barkley.

Barkley has 12 months left on his contract and could leave for free at the end of next season

Koeman is an admirer of Swansea star Gylfi Sigurdsson and tried to sign him 12 months ago

Koeman has no intention of letting the situation turn into a saga and has already been looking at goalscoring midfielders who could come in.

Gylfi Sigurdsson, the Iceland international, is a priority. Koeman is a huge admirer of the £25million-rated Swansea's playmaker and attempted to sign him when he first arrived at Goodison Park 12 months ago. He will return this summer.

Davy Klaassen, Ajax's captain, is also firmly on Koeman's radar, with the player having indicated he wants to play in the Premier League.

And Ajax captain and fellow Dutchman Davy Klaassen is another player on Koeman's radar

But Everton intend to ambitious when the window opens and the Arsenal pair of Alex Oxlade-Chamberlain and Theo Walcott are options being considered.

Oxlade-Chamberlain remains undecided about his future; like Barkley, he has 12 months remaining on his terms with Arsenal but is also attracted to the idea of working with Jurgen Klopp at Liverpool.