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Everton are considered favourites to sign Rangers teenager Nathan Patterson with Liverpool pulling out of the race, The Sun reports.
The Toffees were desperate to land a new right-back during the recent transfer window, but they were unsuccessful in their efforts.
The Merseyside club failed with an offer of £5m to sign Patterson. Gers boss Steven Gerrard deemed the proposal as a joke.
They are now prepared to try again in January. It is reported that the club have decided to meet the £10 million asking price.
Liverpool have also been linked with the highly-rated Scottish full-back, but they are unlikely to revive their interest in the New Year.
Patterson has been identified by the Toffees as a long-term successor to Seamus Coleman rather than replacing him straightaway.
The club tried to sign Ainsley Maitland-Niles on loan last month to provide cover for Coleman, but Arsenal rejected the proposal.
They currently have Jonjoe Kenny as the deputy. The 24-year-old has entered the final year of his deal, and could be sold in January.