Everton could be one of the biggest beneficiaries of a summer transfer market transformed by the Coronavirus pandemic, Football Insider has learned.

The cash-rich Merseysiders are set to be active in this summer’s market as they build a squad for Carlo Ancelotti’s first full season in charge.

An Everton source has told Football Insider how the club hope to capitalise on what are expected to be massively reduced prices for top talent.

“Players who were likely to cost £30-40million, the type Everton have bought so many of in recent years, could now be available for around £15-20million,” the source explained.

“There is a growing sense there will be plenty of bargains to be had, and this could allow Ancelotti to build the squad he wants in record time.

“For clubs who are struggling for cash, they will be forced to sell their top stars far cheaper than before. You could see some world beaters heading to Everton for knockdown fees.”

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Crucially, Uefa is set to reduce financial fair play regulations to help cash-strapped clubs survive.

For Everton, who have been heavy spenders during Farhad Moshiri’s reign as owner, this will allow them far more freedom in the market.

The club announced a whopping £112m loss in their most recent set of financial results, the fourth biggest in Premier League history.

In fact, the Merseysiders have reported steep losses four times in the last five seasons, with the sole exception being a £31m profit in 2017.

In other Everton news, Carlo Ancelotti has been tipped to lure Real Madrid superstar this summer.