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Jack Grealish is set to extend his loan spell at Everton from Manchester City for a second season, carrying the winger through to the expiry of his contract and into free agency next summer.
While Manchester City have profited handsomely from offloading peripheral and unwanted players—transactions involving James Trafford, Tijjani Reijnders, Sávio and Nico González alone this summer are expected to generate up to $317 million (£234 million)—Grealish remains a former record acquisition that City can no longer recover any fee for.
Once this loan concludes next June, his deal at the Etihad Stadium will have expired, leaving Everton—or any other interested party—well-placed to sign him permanently on a free transfer.
Manchester City activated a release clause in Grealish's Aston Villa contract back in 2021 to make him the club's first nine-figure signing, a record only since eclipsed by Elliot Anderson. He has accumulated 159 appearances, including two this season following his return from an initial Everton loan, and played a pivotal role during the historic 2022–23 Premier League, FA Cup and Champions League treble-winning campaign.
Grealish was hampered by injuries and a dip in form over the following two seasons, a period that coincided with the emergence of dynamic Belgium international Jérémy Doku. Pep Guardiola voiced optimism that the player, who turns 31 next week, would find his footing and bounce back, but that revival never materialised while he remained at Manchester. That ultimately opened the door for him to join Everton on a 12-month arrangement last summer.
Grealish Central to Everton's European Hopes
Jack is BACK! 💙 pic.twitter.com/gz1x19oLHS
That initial Everton stint proved to be precisely the fresh start Grealish required. He hit the ground running last season, registering four assists across his first three outings for the club and claiming the Premier League Player of the Month award for August—the first such accolade of his career.
However, Grealish sustained a foot injury in January that not only cut his season short but also extinguished any prospect of forcing his way back into the England squad ahead of the 2026 World Cup.
By rejoining Everton now fully fit, he will be eager to pick up where he left off nine months ago. Grealish is also poised to benefit from Iliman Ndiaye's move in the opposite direction in an $88 million (£65 million) deal, as it places greater creative responsibility squarely on his shoulders.
In Grealish's absence, Everton ran out of steam in the closing stages of last season and dropped from eighth to 13th in the Premier League table, narrowly missing out on European qualification that had appeared well within their grasp. The Toffees have been absent from UEFA competition for nearly a decade—since 2017–18—and Grealish could provide the spark needed to end that drought. On a personal level, featuring in a home European Championship with England in 2028 also remains a realistic ambition if his form holds.