Everton are hoping to clinch a £200 million investment, report The Times.
The Times report that a group of businessmen led by US based John J Moores, Charles Noell and their partners have signed an exclusivity deal to examine the club's finances.
The terms of this means they have until the end of January to make a decision whether to invest.
While a number of Premier League sides have benefited from investment in recent years, Everton and their fans have seen their pleas go ignored.
This is the closest they have come so far, and can potentially elevate the sporting potential of the team, who are currently 10th in the Premier League.
Could they bring Rooney back?
Financial strength will further vindicate Everton's decision to keep hold of John Stones in the summer, and it will also help them keep star attackers Romelu Lukaku and Ross Barkley.
It turns them from prey into hunters in the transfer market, and one of the more spectacular deals they may seek to attempt is to bring back Wayne Rooney from Manchester United.
Rooney is an Evertonian and was welcomed back by fans for Duncan Ferguson's testimonial at the start of the season. He was recently pictured at Goodison Park with his son watching them in action earlier this month against Crystal Palace.
His Manchester United career is approaching a crossroads, and with a potential change in management upcoming at the Red Devils, they could be open to selling the England striker.
What this investment would do is allow Everton to not only afford to bring him back, but pay his wages.
He would still likely have to take a dip in earnings to leave United, but the finances suddenly at Everton's disposal would make this less steep.