Everton are reportedly interested in making a move for Isco who is currently a free agent.
The five-time Champions League winner is without a club after a contract termination with Sevilla last month.
According to The Times, the Toffees are considering getting the midfielder's services this month. Newly appointed Sean Dyche's side was the only Premier League club who have needed up the January transfer window without signing a single player.
Therefore, the former Real Madrid star could become the 51-year-old manager's first transfer after taking the charge at Goodison Park.