If he is available for £3 million it would make more sense for Martinez to take him on at Everton where he knows he can put him in a position that gets the best out of him and match his wages rather than him dropping a division, probably having Coyle play him on the left side and taking a 40K a week pay cut.
I dont know if I will go as far as carterlatics but I am fairly sure nothing will come of this rumour.