Everton now set to sign Jack Grealish as £10.4m terms revealed

Jack Grealish will return to Everton in August.

Despite a claim by a certain red-top newspaper that Atletico Madrid are looking to sign the 30-year-old forward, it seems that Everton are going to win the race to re-sign him from Manchester City.

Grealish spent last season on loan at Hill Dickinson Stadium, scoring two goals and supplying six assists in 22 appearances before a foot injury in January ended his campaign prematurely.

The former Aston Villa star is still rehabilitating from the stress fracture he suffered, meaning that his return to Merseyside won't happen until the latest possible opportunity.

The transfer window closes at 11pm on Tuesday 1 September, meaning that the Blues have four weeks to finalise Grealish's return.

But what kind of money can The Friedkin Group be expected to pay for the 39-times England international?

Jack Grealish's Everton wages revealed

It's well documented that Grealish is a high-earning player at Manchester City.

And should he make the return to Merseyside, he'll find himself topping the weekly compensation list at Finch Farm.

That's because with BBC Sport not only reporting that Grealish will re-sign for Everton, but they also say he'll earn £200,000-a-week (£10.4million-a-year) with the Toffees.

That's a major reduction from his existing £300,000-a-week terms at Manchester City, which were largely covered by the Blues during his loan stay.

However, not all the details of the move have been clarified.

What we do and don't know about Grealish's return

Well, we know that Grealish is returning to Everton and that he'll be on a contract that sees him earn £200,000-a-week.

However, it's unclear right now whether or not the Birmingham-born ace will be on loan or join permanently.

If it's another loan deal, it will mean that he'll be up for grabs on a free transfer next year when his contract with Man City expires.

If he's joining Everton on a full-time basis, there'll no doubt be a fee involved on top of the hefty wages Grealish will be earning.

What's also unclear is when in August the deal will be completed.

If it's saved until the last minute, on deadline day on 1 September, it will have meant that Grealish will have missed the opening three matches of the season.

It's likely that would be the case anyway due to his rehab, but David Moyes will surely want him training with the squad sooner rather than later so that he can slot in more seamlessly when he's full fit.