Oxford, 20, has reportedly failed to impress Manuel Pellegrini in training after his return from a season-long loan at Borussia Monchengladbach. The defender has not been given any minutes in the Premier League, leading to links with a move away.
A loan move was expected for the London-born youngster. But the Toffees will move to the front of the queue of clubs offering a permanent switch in January.
Monchengladbach and champions Manchester City remain interested. It is the offer of regular minutes at Everton, however, that could prove most alluring.
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