Brendan Rodgers had been linked with a move for the 21-year-old playmaker after missing out on top transfer target Henrikh Mkhitaryan earlier in the summer, with the former Shakhtar Donetsk midfielder shunning the Reds in favour of a switch to Champions League finalists, Borussia Dortmund.
And having missed out on the Armenian international, Rodgers turned to Jorginho as a cheaper alternative, but has so far failed to push through a deal.
Everton saw an opportunity to nip in and pinch the £7.8 million-rated midfielder from under the nose of their rivals, but this transfer saga has take another twist, as both sides look like missing out on their long-term target.
ForzaItalia are reporting that Fiorentina are readying a bid for the Brazilian wonderkid, having been impressed by Jorginho's form whilst playing for the Bentegodi-based side.
Verona would loathe to lose the player who played a key role in their return to Serie A last season, making 41 appearances en route to the Italian top flight.
Jorginho has a contract until 2016, and so Everton, Liverpool and Fiorentina will all have to be prepared to spend a reasonable sum of money to lure the talented midfielder away from the club.