I'd rather not.
On loan or otherwise, that's a big wage drain for a player that is questionable in attitude and commitment to say the least.
I could see him having a stormer of a few months on loan, and then go hiding after we have shelled out to sign him permanently.
It negates the role of the DOF - lets go out and find young, hungry, talented players who see Everton as a step-up and less of doing the clubs above us favours by taking their cast-offs.
I know its a generalisation and clearly it won't always apply - but I don't think we make ourselves stronger in the long-term, onboarding players whom our supposed "rivals" don't want.
Let's have the clubs above us wanting our players, and more of them.