Everton could struggle to recoup much of their initial outlay on Gylfi Sigurdsson but looking at a younger replacement remains sensible, Kevin Phillips has told Football Insider.

It follows a report from the website that Everton will listen to offers for the Icelandic international this summer. The outlet claimed that the 31-year-old will be available for a 'fraction' of the £45m sum paid to recruit the attacking midfielder from Swansea City in 2016.

Sigurdsson's strong 2020/21 campaign

Sigurdsson has been in decent form this season, scoring six goals and assisting a further nine in all competitions. He has well surpassed his meagre tally of six goal contributions from last season.

Carlo Ancelotti has utilised his versatility, deploying him as a deeper-lying central midfielder and even a centre-forward on occasion.

Sigurdsson has just over a year remaining on his £100,000-a-week contract and is valued by the CIES Football Observatory at somewhere between £6m and £8.5m.

Phillips issues Sigurdsson transfer verdict

Whilst such a sale would represent a huge loss for Everton, former Premier League Golden Boot winner Phillips says that now might be the ideal time to refresh the squad with a new number 10.

"They aren't going to get anywhere near what they paid for him, that's for sure," he said.

"Maybe that's a sign of Everton thinking 'he's a 31-year-old who's had a good a season' but will they get that again next season?

"His value is only going down. Maybe it's time to cash in and bring someone in who's younger, who they'll get more years out of."

Intriguingly, Phillips also suggested that Sigurdsson may dig in and look to see out his contract if Champions League football was on offer at Goodison Park next season. The Toffees are currently five points behind fourth-placed Chelsea but crucially have a game in hand.

"It'll be interesting to see how that one plays out," the 47-year-old said. "If Everton were to finish in the top four, would Sigurdsson really want to leave?"

Transfer Tavern verdict

Sigurdsson has demonstrated this season, after a disappointing 2019/20 campaign, that he can be a valuable member of the Everton squad.

If you're only going to receive seven figures in a sale, then it probably makes sense to keep him around as a versatile rotation option for one more year.

Finishing in the European places would boost the Blues' spending power regardless. They shouldn't necessarily be in a sell-to-buy position.

In other news, could this midfielder become an Everton player in the next transfer window?