Everton are turning their attentions towards free agents after failing to sign a player in the January transfer window and a former Real Madrid midfielder is 'under consideration'.
Isco saw a move to Union Berlin fall through on deadline day after leaving Sevilla and the Spaniard is now without a club going into the second half of the season.
Dyche desperately needs reinforcements to his Everton squad who are currently in 19th place in the Premier League and parted ways with Anthony Gordon at the end of the window.
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Isco, now 30-years-old, spent nine years with Madrid and played 38 times for Spain, but he finds himself without a club despite being immensely talented.
Striker Andre Ayew is reportedly a target for Dyche as the Ghana international is also without a club after leaving Al Sadd.
The Times reported: "Now the attention will turn to free agents, with Andre Ayew and Isco, who saw a move to Union Berlin collapse, under consideration."
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