Everton have failed in a fresh approach to hire Marco Silva as their new manager.

Telegraph Sport understands that Watford have been offered £10million by their fellow Premier League club to release Silva from his two-year contract at Vicarage Road but have, again, insisted he will not be allowed to leave at any price.

It is understood that Everton are also prepared to pay Silva a salary of £3.5million a season, although his deal at Watford is £2.6 million plus bonueses.

Everton had an initial approach rejected on Monday, when they made the offer of £10million in compensation, and called Watford again on Wednesday morning to try and enter into negotiations. No improved offer was made but Watford have argued it would be pointless, anyway.

Once more Everton were given no encouragement even though they believe the 40-year-old Portuguese would like to enter into talks with them.

Watford are adamant that Silva, who has no release clause in his contract, will not be allowed to leave no matter what is offered and especially at this stage of the season, with just 11 league matches played.