Peterborough United director of football Barry Fry has told Football FanCast exclusively that he expects Everton to spend big this summer as they look to continue their push for European football.

The Toffees are currently eighth in the Premier League table but they are just five points behind fourth-placed Chelsea, such is the congested nature of the table.

Everton have suffered two dispiriting defeats in recent weeks, losing to Burnley and Chelsea, but they remain in with a shout of qualifying for Europe this season.

The Toffees have Carlo Ancelotti in the dugout and also spent big money in the summer, bringing in Ben Godfrey from Norwich City, Allan from Napoli, Abdoulaye Doucoure from Watford, James Rodriguez from Real Madrid, Robin Olsen from AS Roma and Niels Nkounkou from Marseille.

With Everton also building a new stadium that will have a capacity of 52,800, Fry believes the club have ambitions of grandeur and will splash the cash in the transfer market as they look to build a squad befitting the ground.

He told FFC:

“It's no good building a new ground that's wonderful and one of the best in the world if you've not got the players on the pitch, so I can see that. With the manager they've got as well, they will attract players in the summer, they will spend big money in the summer.”