Rooney has won the lot at Manchester United since leaving Everton back in 2004.
However, despite being their all-time leading goalscorer, the 31-year-old's Old Trafford career looks to be over.
United are intensifying their efforts to sign a top forward, with Jose Mourinho pushing Real Madrid for Alvaro Morata.
And reports are claiming they are not ready to give up on Romelu Lukaku, despite the Belgium international seemingly being close to a move to Chelsea.
Everton want to lure Rooney back to Goodison Park with Ronald Koeman ready to give him one more chance to reignite his faltering career.
But the Mirror claim he is likely to return on loan.
United want to offload him permanently, but may have to compromise in order to get him off the books.
For the move to go ahead, the Red Devils will have to pay up for half of his huge £250,000-a-week wages.
United are currently locked in talks with the Toffees and Rooney is likely to be omitted from the squad that jet out to America for their pre-season tour in four day's time.
Speaking last year, the England skipper flirted with a return to Everton by saying they were the only club besides United he wanted to play for.
"Manchester United and Everton are the only clubs I have played for as a professional footballer," he said.
"I am happy to say now that, whatever may happen in the future, I will never play for another Premier League club."
Rooney's current contract expires next summer.
If he leaves for Everton, his final goal in United colours will be his strike in their 2-0 win over Burnley at Turf Moor in April.
Source: Daily Express