Everton reportedly had a £33.6m bid for Porto midfielder Yacine Brahimi rejected on transfer deadline day.
The Toffees were strongly linked with making a bid for the Algeria international over the summer before the transfer window slammed shut without the move being completed.
According to Portuguese outlet O Jogo, Porto turned down the offer from Goodison Park as they hoped that a larger one would arrive from city rivals Liverpool.
Brahimi has scored 22 times in 86 appearances for the Dragoes in all competitions.