Everton will pay just £4.5 million for Conor Coady next summer, reports the Telegraph.
The centre-back joined the Toffees on a season-long loan from Wolves in August.
And he's made a superb start to his Goodison Park career. Coady has helped Everton record the best defensive record in the Premier League to date, while he scored his first goal in last weekend's 2-1 win at Southampton.
Wolves sacked manager Bruno Lage earlier this week and seek a new manager.
But whoever takes over in the Molineux hot seat cannot recall Coady as there is no option to do so.
What's more, Everton have the option to purchase the England international at the end of the campaign.
Frank Lampard is indeed expected to do so. He is a huge admirer of Coady and the leadership skills he’s brought to the Blues.
And if, as expected, Everton excercise the option to make the 29-year-old’s Goodison stay permanent, they’ll pay a cut-price fee of £4.5 million.