Riyad Mahrez celebrates after scoring the first goal for Leicester
The winger was one of the star performers last season as he put in a series of impressive displays to help his side to the Premier League title and win the PFA Player of the Year.
He has subsequently been linked with a move away from the club as a result, with the top teams in Europe thought to be interested in his signature.
Leicester's Riyad Mahrez in action with Celtic's Emilio Izaguirre
A report from Eurosport on Friday claimed that Arsenal were leading the race to sign him as they had agreed a big money move for the Algerian.
The Blues have money to spend this summer courtesy of shareholder Farhad Moshiri and Ronald Koeman sees the 25-year-old winger as the perfect man to lift the profile of the club.
Everton manager Ronald Koeman before the match against Barnsley
However, he would likely face a difficult task in convincing him to move to Goodison Park, even despite Steve Walsh, the man who discovered him for Leicester, recently becoming director of football at the club.
Both Leicester City and Arsenal can offer Champions League football, which is a huge bargaining chip that Everton do not have at their disposal this summer.
Leicester's Riyad Mahrez