The Italian international wanted Champions League football.
Italy's Emanuele Giaccherini celebrates after scoring their first goal
La Rosa Rossa report that Everton had put themselves forward to the Italian international as a potential option if he was leaving Sunderland this summer.
Italy's Emanuele Giaccherini celebrates scoring their first goal with Leonardo Bonucci
However, the report claims the player decided against a move to Everton as he was desperate to play Champions League football and return to Italy.
The report also made it clear that Giaccherini remains a Sunderland player at present.
He will officially transfer to Napoli tomorrow once he signs some final contracts.
New manager Ronald Koeman during the press conference
Giaccherini was a shock coup for Sunderland back in 2013. He arrived from Juventus for a fee reported by The Mirror to be in the £6.5 million region.
But he struggled to find form and fitness at Sunderland, despite shining out on loan and with the Italian national team at Euro 2016.
It was this form that alerted Ronald Koeman to his availability but it would appear Everton never stood a chance of winning him round.