Everton are now set for a big change in the summer with regards to transfer plans after an agreement was reached in talks with the Premier League.

The Lowdown: Delayed accounts

The Goodison Park faithful have delayed the publishing of their 2020/21 accounts, as they are having on-going talks over what allowances to the spending rules are permitted in transfer windows, because of the financial impact of the global pandemic.

Their next accounts, which are due this month, are set to project over £300m worth of losses for the Merseyside club in the current three-year cycle, while the top flight only permit clubs to record losses of up to £105m.

That said, discounts for spending on infrastructure and lost income due to the pandemic are set to keep the them within the agreed limits for now.

The Latest: Premier League agreement

As per The Daily Mail, the Toffees have now reached an agreement with the Premier League which will allow them to consult over player signings and new contracts, in order to avoid breaching spending rules.

Of course, this could change how they now approach the summer transfer window, given that last summer they were reduced to spending a mere £1.7m.

The Verdict: Sensible

Given the financial predicament that they find themselves in, the Blues are being sensible with the agreement they have reached with the top flight.

They simply cannot afford to breach spending rules, especially if they find themselves relegated to the Championship, and thus in need of a big rebuild potentially with key players jumping ship.

The consultation may allow them to be more flexible in the market, and thus be able to buy and sell the players that they need in order to kickstart the new season under Frank Lampard.

In other news, find out which ‘world-class’ Lampard favourite could now be replaced here!