Everton are no strangers to spending in the transfer market and this summer looks like it'll be no different.
The Iceland international remains the club's record arrival for a fee of £45m, but due to COVID restrictions, it would be surprising if that kind of money was thrown around again by Marcel Brands.
That being said, Everton do need to spend if they're going to find themselves back in the top half of the table.
A disappointing league finish of 12th was all the Merseysiders could muster in 2019/20, as they were left to feel the effects of Marco Silva's poor management at the start of the campaign.
However, progression has been made under Carlo Ancelotti, who has steadied the ship and made Everton look a lot more fluid.
With a few extra additions there is no reason why the club shouldn't be competing for the Europa League places next term.
That's especially if they land one specific target this summer.
Sport 1 revealed this week that Everton are in the market to sign Bayer Leverkusen winger Leon Bailey.
Dubbed the heir to Arjen Robben's throne in the Bundesliga, he's also being eyed by Tottenham and Daniel Levy.
The young Jamaica international has apparently been 'wooed' by the Premier League pair but he won't come cheap for any onlooking admirers.
A fee of €40m (£36m) has been touted as his potential asking price.
GIVEMESPORT'S Matt Dawson says...
This would be a sublime capture from Everton, especially when you consider he was linked with a sensational £80m move to Chelsea last summer.
Bailey bagged just seven times in 2019/20 but he is a player with enormous potential and a high ceiling.
The 22-year-old contributed to ten goals in 2018/19 and it was that term where he really made a breakthrough.
He has been hyped up endlessly in his career to date and in 2018, special praise was reserved for the young winger by Ronald de Boer.
Bailed exclaimed: "His speed, combined with his technique, is very rare. Exceptional. He has no weak points."
Meanwhile, Rudi Voller added the following: "He's got extraordinary pace, he's very skilful with the ball."
Everton already have players with plenty of pace - Theo Walcott and Iwobi to name a few, but none have the rare ability that Bailey possesses.
Bailey, therefore, would be a valuable addition for a side in desperate need of more goalscorers.
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