Iroegbunam, 22, enters the final year of his contract at Hill Dickinson Stadium this summer, giving Everton a clear incentive to sell rather than allow him to run down his deal. The Birmingham-born midfielder joined from Aston Villa in 2024 for around £9m, and a £20m sale would represent a strong return on that investment within two years.
Hull are not alone in their interest. Ipswich Town are also credited with a serious pursuit of the England under-19 European champion, reports Hull Live. Everton are understood to be prepared to allow Iroegbunam to leave if the valuation is met, with the £20m figure not expected to be an obstacle for either club.
A move to Hull would make Iroegbunam their record signing. Manager Sergej Jakirovic is seeking to add pace and physicality to his midfield ahead of the club's opener against Manchester United on August 22, and the former QPR loanee fits that profile. He made 29 Premier League appearances for Everton last season — contributing three assists — building on 18 outings in his debut campaign.
Iroegbunam had been linked with Lazio in the January window, where the Italian club reportedly had a bid rejected. His development under David Moyes has been steady if unspectacular, and a guaranteed starting role at a promoted side represents an attractive proposition for a player seeking consistent first-team minutes.
Iroegbunam came through West Bromwich Albion's academy before Villa invested in him, and his trajectory has been broadly upward despite limited first-team exposure. Hull's promotion — secured through the Championship play-offs — means any signing they make will face scrutiny as the club seek to avoid an immediate return to the second tier.