Ross Barkley has turned down a move to Premier League champions Chelsea in order to stay at Everton, according to the club's majority shareholder.
Farhad Moshiri said the club had accepted a bid and Barkley had agreed personal terms, before changing his mind after passing a medical.
Everton had initially rejected a £25m offer from Chelsea for the 23-year-old England midfielder on Wednesday.
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"It is a big surprise but that is football," Moshiri told Sky Sports.
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