Out would go Patrice Evra, plus £8 million in cash, and if Evra was not included, then £11 million would be United's bid - it is reported.
So is this a good deal for Everton?
We can't see it being so. While a sum of £8 million or even £11 million would be welcomely received, and no doubt wisely spent by David Moyes - the Toffees will not want to lose one of their star defenders.
Baines has again been a key player for Everton this season, and while their form has dropped off over the last month - they remain in a very good league position of fifth, above Tottenham, Arsenal, and of course, Liverpool.
There is a reason why Manchester United want him. They came calling for him in the summer and Everton held firm, and they would be advised to do so again.
A key part of the Express report, is that United want to do the deal in January - Which brings it's own complications and makes it even more unlikely. Would Patrice Evra want to be sold mid-season? Would Baines want to leave Everton when they are on the verge of achieving their best league finish in seven years?
The reason United want Baines is because they view him as defensively superior to Evra, so mid-season why would Everton want to take a less proficient player at left-back?
Evra of course has qualities, he has been a long-serving French international after all, but his form has been on the downhill slope for around 18 months now.
Both sides have new back-ups in Alexander Buttner and Bryan Oviedo, who would themselves feel they want more opportunites rather than seeing a new face arrive even if one departs.
Everton were reported to want £17 million for Baines in the summer - So after half a season when he has maintained his excellence and enhanced his reputation as an England international, why should the club accept a deal for such considerably less?
As far as we are concerned, this is not a good deal for Everton; Don't be tempted by the cash! Don't take it!
Do you agree or disagree? Is the deal good or bad?
image: © wonker