Everton are pushing to sign two forwards this month to bolster their squad.
The Toffees were unable to secure Arnaut Danjuma on loan from Villarreal.
The Holland attacker decided to sign for Tottenham on loan instead, with the deal already complete.
Per the Daily Mail, Everton will now look to Bologna striker Marko Arnautovic.
Another who is being linked to the Toffees is Chelsea star Hakim Ziyech.
However, such a move appears unlikely, as Ziyech is getting regular game time this season at Stamford Bridge.
Everton winger Anthony Gordon, meanwhile, could be leaving the club this winter.