However, according to Serbian newspaper Novosti, Ivanovic could be back playing against Chelsea next season with the Toffees.
Ivanovic is a free agent and also has interest from Red Star Belgrade back in his native Serbian.
But the report states his negotiations with Everton are in the “final phase” as a move to Merseyside edges closer.
Ivanovic played for Everton manager Carlo Ancelotti during his time as Chelsea manager.
And it looks as if the opportunity of a reunion with a man he won a Premier League and FA Cup Double under is too tempting to resist.
Despite his age, the veteran would certainly add some experience to the Goodison Park squad and his versatility across the back would also make him a useful addition.
Ivanovic scored four goals in 25 appearances last term to help Zenit to title glory.
He won the Premier League and FA Cup three times while at Chelsea as well as the Champions League and Europa League.