Blues' manager David Moyes is determined to bolster his team's attacking options during the final two days of the transfer window and Monaco forward Balogun is a leading target to complete switch to the Premier League side. Balogun's hopes of returning to England depend on Everton completing a number of outgoings before the window closes.
Sources have told ESPN that it is unlikely that Everton will sign both Richarlison and Balogun before the Sept 1 deadline unless the club are able to raise funds by dispensing with former Udinese forward Beto. Everton have green lit Ndiaye's exit after pulling the plug on an agreement to offload 19-year-old midfielder Harrison Armstrong to Nottingham Forest in a £40 million deal due to supporter unrest at the plan to part with the Liverpool-born youngster.
Everton's chances of signing Balogun now rest on whether they can complete the necessary outgoings and raise funds to make the move possible.