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Swansea City will offer Jefferson Montero a new contract to stave off interest from Ronald Koeman's Everton and David Moyes' Sunderland, according to The Sun.

They say that the Swans £12 million valuation of the Ecuadorian winger has priced out the two Premier League clubs and the 26-year-old will be offered a new deal to reflect that value.

He has two years remaining on his current deal.

Montero endured a prolonged exile from the Swansea team last season, not featuring between the 3-2 FA Cup defeat to Oxford (in which he scored) in January and the 2-2 draw with Stoke City in April.

(Image: Getty Images)

However, he impressed after that and delivered an impressive cameo off the bench as Swansea beat Burnley 1-0 on the opening day of the season. It was his cross that led to Leroy Fer's winner as Fernando Llorente's header drew a save from Tom Heaton.

Montero is likely to compete with Mo Barrow for a first team place throughout this season.

Gylfi Sigurdsson and Angel Rangel have already signed new deals so far this summer.