Former Manchester City boss Manuel Pellegrini is set to retire from management if he does not land the Everton managerial role this summer, according to The Sun.
The experienced Chilean boss was shown the door at the Etihad Stadium, with Pep Guardiola set to replace the former Real Madrid trainer this summer.
Pellegrini was popular among the City fans and has a track record of success in the game.
However, despite reports linking him with a move back to the Spanish game, the South American is believed to want to stay in England.
Everton parted company with Roberto Martinez following a dire campaign and are currently weighing up new options to replace him ahead of 2016-17.
Pellegrini would surely be a wise move given his ability and the fact that he is immediately available, but the Toffees continue to be linked with the likes of Frank De Boer and Ronald Koeman also.