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Football pundit Jamie Redknapp believes Everton should be ready to ‘cash in’ on Ross Barkley, whilst targeting Swansea City’s Gylfi Sigurdsson as an ideal replacement.

The Toffees midfielder has been engaged in a contract dispute with the Merseyside club for a long period of time and it does not seem to be concluding anytime soon.

Barkley, who is 23-years-old, has come up through the academy ranks having been with the team since an 11-year-old, however it appears his time at Goodison Park could be coming to an end.

Manager Ronald Koeman has seemingly become frustrated with the situation and has left the midfielder with an ultimatum – sign a new deal or be prepared to leave in the summer.

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Redknapp praised the way the Dutchman has been handling the problem but believes the club should be prepared to ‘cash in’ on the England international.

“I’ve been impressed with how Ronald Koeman has handled the situation with Ross Barkley’s contract,” he wrote in his weekly column for the Daily Mail.

“He has been up front in giving Barkley an ultimatum and if the midfielder does not want to sign, Everton should be ready to cash in.

“Even though Barkley is entering the final year of his contract, Everton should still expect to get £25million for him.”

The Sky Sports pundit believes that should the England international leave Goodison Park in the summer, the Toffees should view Sigurdsson as the ideal replacement.

“Gylfi Sigurdsson would be the perfect replacement. Sigurdsson has great vision, assisting 13 goals for Swansea this season – five more than Barkley and second only to Kevin De Bruyne, who has 15.

“Six of his assists have been for Fernando Llorente, making the pair the League’s most lethal duo. Sigurdsson should be playing for a top team.”

The Welsh side will be hoping they can keep hold of their Iceland international, as he is arguably their best player and crucial to helping them remain in the Premier League season after season.