Frank Lampard is desperate for a few additions to his Everton squad before the end of the window as he looks to steer the Toffees up the Premier League table.
The Everton boss is worried about the lack of creativity and goals in his squad and wants reinforcements in the final third.
Ouattara is a target for Everton and have made a bid for him, but it has been turned down as insufficient, according to French journalist Ignazio Genuardi.
However, it is claimed that Everton have not abandoned hope of signing the Burkina Faso international.
They have continued to monitor his situation and are considering getting back to Lorient with one more offer.
However, Everton have significant obstacles to overcome as there is more Premier League interest in the 20-year-old.
Bournemouth and Leicester are also interested in signing the winger in the ongoing window.
It remains to be seen whether Everton table another bid for the winger before the end of the month.