Whilst new Toffees manager Roberto Martinez cited the clause's expiry as a cause for 'celebration', the Spanish boss might not be be out of danger just yet - any club could still come in with an offer for the big Belgian before the transfer window shuts on September 2nd.
However, it it certainly reason for optimism that Everton will be able to keep their star man - the fact that potential suitors had an opportunity to trigger the clause and didn't would suggest there was no real interest in luring him away from Goodison Park this summer.
Despite reported 'interest' from Manchester United, Chelsea and Arsenal, Martinez insisted last week the club had received no offers for either Fellaini or his teammate Leighton Baines and the club are adamant both stars will stay.
At such a late stage in the summer, with the Premier League season starting this weekend, one would imagine it would take a very large bid to even urge Everton consider letting Fellaini go at such short notice.
His value is dependent on how much the club need him, how resistant they would be letting him go and how much the player himself really wants to go, if at all. I suspect Fellaini is happy at Goodison Park but could have his head turned by the potential of playing for one of the aforementioned top four clubs.
Everton rely on him immensely and he is considered a key player of the highest order alongside Baines - I would expect that any late interest in him would be dismissed unless a bid came in for more than £30 million. I can't see Everton allowing him to leave for any less, especially as his contract runs until 2016.
Deep down I suspect the Belgian was interested in a move to a bigger club that challenges for the title and the Champions League but I doubt he would mind continuing on at Goodison. I, personally, am surprised that no bids at all were made for him this summer and the fact that everyone in the industry was made well aware of the £22 million release clause, I would suspect that if a bid hadn't been made by that clause's expiry, it'll likely mean he'll stay at Everton.
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