The 28-year-old will have only 12 months remaining on his contract at Old Trafford when the transfer window reopens and he has come in for criticism from the home faithful this term after a string of under-par performances.
With the emergence of exciting youngster Adnan Januzaj, who can operate on both flanks, and the January acquisition of playmaker Juan Mata from Chelsea, competition for a regular spot in the starting line-up has heated up.
A source close to Everton told FDN that the Toffees are looking at potential alternatives to Barcelona loanee Gerard Deulofeu, in case they miss out on his permanent signature at the end of the campaign.
Valencia is high on the list of other options and the hope is that he will be available for a relatively modest transfer fee, given the short length of time remaining on his United deal.
Written by Steve Milne
Follow me on Twitter @stevemilnelive
