Everton are planning to sell Yannick Bolasie at a huge loss this summer despite a flurry of social media activity from the player suggesting he is back in the fold, Football Insider understands.

The winger, 31, has returned to Merseyside after two years out on loan as he looks to serve the final year of his Toffees contract.

An Everton has told Football Insider that Carlo Ancelotti has given the green light for Bolasie to leave permanently following internal talks as he does not figure in the manager’s plans for the new campaign.

The Premier League club are willing to offload him for a knockdown fee, four years after his arrival from Crystal Palace.

Bolasie was among the first wave of new arrivals following Farhad Moshiri’s takeover, costing £25m rising to a potential £30m.

His value has subsequently plummeted following mixed loans at Sporting Lisbon, Anderlecht and Aston Villa over the last two years.

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That came after the knee injury that wrecked his first two years at Goodison Park.

Everton could now let Bolasie go for as little as £3m in what would represent an enormous loss.

At Sporting last season, the winger scored two goals and provided five assists from 25 matches in all competitions as he struggled to establish himself as a regular starter.

Bolasie has an underwhelming record in an Everton shirt, with 32 appearances yielding two goals and four assists.

His contract is due to expire in the summer of 2021.

In other news, an Everton big-money signing has collapsed after terms agreed.