Everton owner Farhad Moshiri has granted a period of exclusivity to John Textor as the American businessman aims to purchase a majority stake in the Premier League club.
BBC Sport understands discussions have taken place around the feasibility of an agreement, but a deal is not close at this stage.
Textor is the latest party in the frame to take over the Toffees after talks broke down with both 777 Partners and the Friedkin Group this summer.
However, any deal is dependent on Textor selling his 45% stake in Crystal Palace, as Premier League rules prohibit individuals from owning more than one team.
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