He has only featured nine times in all competitions this season and the reports in Spain suggest that the Toffees have made an enquiry about the player.
Marco Silva is desperate for some more quality in attack and Malcom wants to play regular football in the second half of the season, something Barcelona cannot offer him.
Arsenal are also monitoring the star who was on the shortlist last summer.
Unai Emery is keen to add a wide player to his squad this January, Cengiz Under remains another alternative.
Barcelona transfer news: Marco Silva is keen to bolster his ranks (Image: GETTY)
Barcelona transfer news: Malcom only joined Barcelona in the summer (Image: GETTY)
But Everton face competition for Malcom’s signature.
According to Goal, Guangzhou Evergrande have made a £45m opening offer for the man who has just one La Liga goal this season.
The attacker - who can play on either flank - is currently sidelined by a sprained ankle in early December which the club claimed would rule him out for up to two weeks.
And Guangzhou - who have Paulinho on loan from Barcelona and could re-sign the Brazilian permanently next summer - want to offer Malcom an early exit from Barcelona.
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Barcelona transfer news: Guangzhou are also keen on Malcom (Image: GETTY)
Managed by the legendary Fabio Cannavaro, Evergrande have a number of Brazilians in their first-team squad including Paulinho and Talisca, with a host of recognisable South Americans including Hulk, Oscar, Alexandre Pato and Alex Teixeira.
The South China Tigers finished second to Shanghai SIPG last season with the 2019 season beginning in March, where Guangzhou will hope to regain their title having won it in all of the previous seven seasons.
With Malcom’s compatriot Alan seemingly set to join Galatasaray this month, Cannavaro is keen to replace him with another attacking midfielder.