Toffees want forward if Zenit deal collapses.
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Everton are considering offering Arsenal winger Andrei Arshavin the chance to remain in the Premier League.
The maverick Russian spent January onwards on loan at Zenit St Petersburg after falling down the pecking order at the Emirates.
The 31-year-old had looked set to secure a permeant switch to the Russians but negotiations cooled this week, with Zenit suggesting Arshavin needed to do more to earn a deal.
Everton boss David Moyes is now ready to make an offer for Arshavin, as he looks to add goals and creativity to his solid but unspectacular Everton side.
The Toffees have decided against pursuing Argentine forward Denis Stracqualursi, who spent the second-half of the season on loan at Goodison Park, and may enquire about the possibility of loaning Arshavin for the duration of next season.
Arsenal are thought to favour a permanent deal for the Russia captain, who is currently with his country at Euro 2012, however.
Everton fans already have soft spot for Arshavin after he scored four times against their neighbours Liverpool at Anfield in April 2009.