It certainly seems that way. Within hours of the 51-year-old's Goodison Park appointment, the Toffees had found themselves linked with a £25m move for Gylfi Sigurdsson (Telegraph) - whose name was associated with the Premier League champions as long ago as May (Sun).
While reports claim Everton are prohibited from signing players direct from the King Power Stadium following Walsh's move (Express), there has been no mention of a hijacking ban.
The following three players have all been linked with Leicester by the press this window - they may also be of use in the Blue half of Merseyside...
The last we heard, Leicester were preparing a third and final offer of £15 million for the Burnley centre-back (Telegraph), though the trail appears to have gone cold of late. Everton could well be in the market for a player in Keane's position if John Stones leaves, as is widely expected, and the former Manchester United man is of a very similar mould. He may find the Toffees and a return to his native north west difficult to turn down.
As with Keane, there has been little reported development concerning Leicester's bid for Brady, since claims of a new bid being readied were made last week (Mirror). While a winger may not be top of Everton's list of priorities, they currently lack natural left-side options in front of full-back Leighton Baines. The Irishman, who could also fill in in Baines' absence, would change that. His deliveries are the stuff of dreams for players like Romelu Lukaku.
Wissam Ben Yedder
Leicester are said to be vying with West Ham United along with a host of European sides for Ben Yedder's signature, following the Toulouse forward's 17-goal season (Guardian). The Foxes' interest stinks of Walsh, who found both Riyad Mahrez and Ngolo Kante in France's backwaters, and Ben Yedder's dwindling contract, which expires at the end of this season, marks him out as another potential bargain. Equally capable as a central striker or number 10, the diminutive former France Under-21 international could be deployed either alongside Lukaku or instead of the Belgian.