Frank Lampard is keen to strengthen his attack in the January window but the club are still struggling with their finances.
They do not have the latitude to spend big in January and the club are looking at low-cost loan options.
Elanga is a player who is admired at Everton and the club are interested in signing the Swede on loan this month.
But it has been claimed that Manchester United will only consider letting him go if they strengthen their squad.
Elanga is not a regular but is still a key part of Erik ten Hag’s squad and played in Manchester United’s 3-0 win over Charlton on Tuesday night.
Ten Hag appreciates the options he gives as a squad player and is not considering loaning him out at the moment.
That situation is only likely to change if Manchester United bring in attacking reinforcements before the end of the window.
Everton have little option but to wait or consider other targets in order to add fresh impetus to their squad.