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Everton could be handed a major boost in their search for a new manager as Unai Emery’s buyout clause at Sevilla reportedly plummeted from 8m Euros to just 2m Euros today.

The three-time Europa League-winning coach’s future is potentially impacted by sporting director Monchi’s expected departure.

Spanish publication Marca say that Atletico Madrid could become another possible destination for Emery given the recent uncertainty over Diego Simeone’s future following comments made by the Argentinian after Saturday’s Champions League final.

Emery was brought to Sevilla by Monchi and his buy-out clause falls from eight million Euros (£6.14m) to 2 million Euros (£1.54m) on June 1, Canal Sur radio station have revealed.

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The Echo understands that there is serious interest among Goodison officials in Emery replacing compatriot Roberto Martinez. The Basque is now coming to the forefront of Farhad Moshiri and Bill Kenwright's search.

The Blues are believed to be looking into a two-tier continental style restructure of their management system and with new major shareholder Moshiri eager to show a statement of intent, an ambitious move for Emery and Monchi could fit the bill.

Emery, 44, has steered Sevilla to a historic three successive Europa League triumphs – the most recent coming earlier this month against Liverpool – and was on the shortlist to become West Ham United manager last summer before missing out to Slaven Bilic.