That’s according to Sky Sports News reporter Dharmesh Sheth, who has tweeted that the Toffees ar expected to make an official offer for the 22-year-old.
The report states that Wolves value Gibbs-White at around £25 million, but the club are yet to decide whether they will allow him to leave or not.
Nottingham Forest have also shown an interest in Gibbs-White.
The attacking midfielder has represented England at under-16 through under-21 level, and excelled while on loan at Sheffield United in the Championship last season.
Moutinho signs new contract
Meanwhile, veteran midfielder Joao Moutinho has signed a new one-year deal with West Midlands club.
Uncertainty began to grow around the future of the Portuguese international when his contract expired on June 30 but both sides have since been able to reach an agreement on a contract that will see him remain with Wolves until the end of the 2022/23 season.
Moutinho, 35, has become an ever-present in the heart of the gold and black’s midfield, aging like a fine wine during his time at Molineux.
He’s raked up a massive 176 appearances for the club during his four-year stay, scoring five times and providing 23 assists.
Moutinho becomes the second addition of the summer for Wolves, joining Hwang Hee-chan who officially joined on a permanent deal following his successful loan spell from RB Leipzig.
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