Everton are selling Morgan Schneiderlin to Nice for a knockdown fee.

Nice coach Patrick Vieira is being backed by the biggest transfer budget in the club's history this summer.

However, L'Equipe says they're set to bring Schneiderlin back to France for a cut-price fee in the coming months.

It's reported Everton and OGCN have settled on a €2m price for Schneiderlin, who has given his approval to the deal.

It's been claimed the midfielder could undergo a medical for Nice this week.