Farhad Moshiri tells Everton boss Ancelotti ‘£100m-plus summer transfer plans’

Everton boss Carlo Ancelotti will be significantly backed financially in the upcoming summer transfer window, with owner Farhad Moshiri apparently planning a huge spending spree.

The Toffees are closing in on an unlikely top-four finish this season after their win at Anfield on Saturday.

Ancelotti's side are now in seventh place in the Premier League table, level on points with sixth-placed Liverpool.

They've got a game in hand over both Liverpool and fifth-placed Chelsea, but are three points behind the Blues.

Ancelotti has worked wonders since taking over at Goodison Park, and was backed with a sizeable spend last summer.

And it seems he will be again this summer, according to Football Insider.

Majority shareholder Moshiri has underwritten massive losses in recent years in order to keep the club looking healthy, and has recently confirmed plans for a new stadium to be developed – which will cost a massive £500million.

Club chiefs apparently want to back that investment up off the pitch with a sizeable investment on it.

Ancelotti will apparently have the freedom to oversee a £100m squad overhaul in the upcoming window.

Everton were active last summer to bring in James Rodriguez from Real Madrid, giving the playmaker the biggest contract in the club's history. Allan, Ben Godfrey and Abdoulaye Doucoure were all signed for more than £20m each as Everton spent just under £70m throughout the summer.

The Toffees are apparently looking at Real Madrid's Lucas Vazquez, reports suggest.

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    Speaking after Saturday's 2-0 win over Liverpool, Ancelotti said he wants to make history at Everton.

    "I realise I was the manager that beat Liverpool after 21 years," he said. "I don’t know if this is enough to be in the history of this club but if it is not enough then I am working on it."

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