Watford have rejected Everton's approach for Marco Silva and will not entertain any further offers at any price, according to Sky sources.
Reports on Sunday suggested that Watford have put a value on their manager, who has been strongly linked with a move to Goodison Park.
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But Sky sources understand that is not true and the club expects Silva to stay at Vicarage Road.
Silva, speaking to Sky Sports' Geoff Shreeves ahead of Watford's home game with West Ham on Super Sunday, said his and his side's focus was "100 per cent on the game".
Sky Sports News understands Silva would be interested in talking to Everton but the 40-year old's two-year contract at Vicarage Road does not include a break clause.
Speaking on November 14, a spokesman for Watford told Sky Sports News: "We will not countenance an approach for our manager, either from Everton or indeed any other club, be it in the Premier League or abroad."
Everton dismissed Ronald Koeman nearly a month ago and caretaker boss David Unsworth has overseen one victory in his five matches in charge; they drew 2-2 at Crystal Palace on Saturday.