Everton have reached an agreement with the Premier League in which they consult over player signings and new contracts to avoid breaching spending rules.
Sportsmail revealed last week that Everton have delayed publication of their 2020/21 accounts due to on-going negotiations over what allowances to the spending rules are permitted due to the impact of the pandemic, and we have since learned that the club have been discussing all major financial transactions with the Premier League since last year.
Under Premier League spending rules clubs are only permitted to lose £105million over a three-year period, although investment in stadia and infrastructure, women's football and community projects are exempt from the loss calculations.