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Everton face a fight with Paris Saint Germain to land transfer guru Monchi.

But the Blues are hoping their new-found financial muscle can see them compete with the French club for his signature.

Everton are ready to perform an overhaul of their management structure and want to implement the director of football model that is used widely in Europe.

Ronald Koeman is set to be named as Roberto Martinez’s replacement in the coming days after a £5m compensation deal was agreed with Southampton.

Koeman’s brother, and trusted No2, Erwin will follow him to Goodison along with fitness coach Jan Kluitenberg.

And the Blues hope to partner Koeman with Sevilla’s Monchi, the man credited with playing a huge part in the Spanish club’s success over the last 10 years.

Monchi has made it clear that he is ready to quit the Andulacian club and Everton have already identified him as their No1 target.

But they face competition from PSG who are said to be eyeing up Sevilla coach Unai Emery as a replacement for Laurent Blanc and want Monchi to move with him.

Everton, however, are determined to secure the services of the 53-year-old and will not baulk at the £3.8m release clause in his contract at Ramon Sanchez Pizjuan stadium.

(Image: Gonzalo Arroyo Moreno/Getty Images)

Monchi has helped Sevilla cope with the consistent sale of key first-team players and has overseen the club net transfer profits of around £150m, whilst still finding adequate replacements.

The Spanish club have won the Europa League in five of the last 10 seasons and Everton want to tap into his knowledge and expertise as they bid to launch themselves back into European contention next season.