Carlo Ancelotti stated he will be bringing a time of evolution to his Everton side and he has now made big moves in the transfer market for the first time as Blues boss.
The manager secured his first signings in charge at Goodison Park and they've understandably got fans excited at what could be possible for the team to achieve in the near future.
Midfield has been a problem area for a while but the introduction of Allan from Napoli and James Rodriguez from Real Madrid looks to finally offer a solution both in attacking and defensive quality available.
Watford's Abdoulaye Doucoure is also tipped to make the move, boosting Ancelotti's squad even further.
So with these acquisitions, what are Everton's chances of qualifying for Europe next season?
According to the latest odds on The Pools, Everton are priced at 16/1 to qualifiy for the UEFA Champions League this upcoming season with a top four finish.
They are 4/1 to end up in the top six at the conclusion of the next Premier League campaign which could see them earn a place in the Europa League.
The team who finishes fifth in the Premier League table will earn a place in the Europa League qualifying round, provided they haven't won one of the European trophies.
If the team who wins the season's FA Cup or EFL Cup also finishes in the top five, then sixth place will also earn a spot in the competition. This has happened in the last six seasons.
Everton last featured in European competition back in the 2017/18 season but missed out on the knockout stages coming third in their group against Atalanta, Lyon and Apollon.
The Blues last appeared in the Champions League in 2005/06 but only played in the third qualifying round, coming up short against Villareal and never featuring in the group stages proper since the tournament was rebranded from the European Cup.
Finishing fourth next season might be too much to ask of Carlo Ancelotti's new faces in their first season on Merseyside, particularly considering the fierce competition from the likes of Chelsea, Manchester United, Arsenal and Leicester City.
However, with Carlo Ancelotti in charge, fans will expect to see a spirited battle for the top six spots.
Everton could also secure qualification into the Europa League provided they win either the FA Cup or EFL Cup.
They are 20/1 to clinch the FA Cup with Sky Bet and 22/1 to be victorious in the League Cup according to William Hill.
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