Small is considered the best left-back in the country for his age and amongst the best in Europe but Everton are yet to secure an agreement over his first professional deal.
A three-year contract has been on the table for well over a year, however, Express Sport understands the player is reluctant to commit his long-term future to Everton given the lack of opportunities since his debut, which includes simply training with the first-team.
The admirable consistency and quality of Lucas Digne has understandably made opportunities hard to come by while 20-year-old Frenchman Niels Nkounkou is also ahead in the pecking order, despite playing just 69 minutes of Premier League this season.
At this stage of his career, a marquee or glamour move to one of the Big Six is unlikely to tempt Small, who simply wants to play regularly to continue his development.
Meanwhile, Brighton, Leeds and Brentford are all prepared to offer him a direct pathway straight into the first-team set-up.
Small will enter the final year of his scholarship next season, meaning Everton would still be entitled to demand a fee for one of Europe’s hottest young commodities, in the region of £1million.
Talks between Everton and the player’s representatives remain ongoing but the lack of progress is likely to raise concerns amongst supporters, who are aware of Small’s frightening potential and are desperate for him to make the grade under Ancelotti.
Since his first-team bow, Small has failed to make the first-team matchday squad while fellow debutant Tyler Onyango has been named on the bench as many as 10 times by Ancelotti.
The omissions have left Small concerned about his realistic prospects of breaking through at the club given the abundance of options at left-back.
Earlier this week, he returned to Merseyside from international duty with England Under-17s having played a friendly against Watford U-23s on Tuesday.
Everton remain desperate to keep hold of the player at all costs, as they seek to strike a contractual agreement with their young prospect.