The striker has been heavily linked with a move away from Goodison Park after hitting 25 goals in all competitions last season.
Indeed, he and his father have been vocal about a move to a Champions League club while his agent has also been touting him around Europe.
However, it now appears that he has had a change of heart and the Mirror are reporting that he is ready to stay at Everton and commit his future to the club.
According to the newspaper, he is prepared to drop his demands as he has been convinced that the arrival of majority shareholder Farhad Moshiri can take them into the Champions League.
As a reward for his turnaround, the club are likely to offer him improved terms that will include a hefty pay rise for the striker.
The latest development will come as good news to Everton, who it appears are no longer a club that must rely on selling their star men as they did in the past.