Everton Manager Ronald Koeman is continuing his effort at rebuilding the team even after a brilliant run in 2016/17.
With the budget and calibre of players the team had, they finished seventh behind Manchester United. Only big clubs were above them so it was a worthy spot.
With the club set to lose star striker Romelu Lukaku soon after he it was revealed that he has agreed terms with another Premier League side, Koeman would have to search for a capable replacement as Lukaku played a big role last term.
Koeman has already seen his £8 million bid for Sunderland keeper Jordan Pickford rejected. The relegated side are hoping a top team would pay as much as £30 million for the rated player. It seems the club needs the fund from the deal to float in the Championship. Everton would likely move on from the deal as the Black Cats remain firm on their valuation.
Manchester City had to part with record £35 million for Benfica keeper Ederson. This is £5 million above the asking price for Pickford even when he is far from the refined product. Ederson is the second signing after City swopped Bernado Silva for £43 million.
City have continued their huge annual spending. From when they spent big to lure Carlos Tevez, Emmanuel Adebayor, Roque Santa Cruz, Kolo Toure, Gareth Barry and others, the cycle continues. The money has delivered two Premier League titles aside other titles. Guardiola is expected to reach higher ground in the league this time.