Everton, Tottenham Hotspur and West Ham United have all been linked with the player.
The Toffees were left frustrated by their inability to snare their main targets in the summer and the problem could repeat itself in the New Year.
West Ham United and Tottenham Hotspur are both reportedly interested in Lyon attacking midfielder Rachid Ghezzal.
Liverpool and Tottenham are reportedly keen on Lyon attacker Rachid Ghezzal.
The winger was linked with a move to Everton in the summer and is out of contract next summer.
Moussa Sissoko, Lucas Perez and Axel Witsel all turned down Everton this summer due to a lack of Champions League football.
The Lyon winger is currently negotiating a new deal, but will he regret not signing for the Toffees?
A select round-up of the latest West Ham United news...
West Ham United's move for a rumoured transfer target hinges on their Europa League decider against Astra after Everton were snubbed.
The Algerian international will leave Lyon at the end of the season.