The young winger has made a total of 52 combined appearances for their U18 and U23 sides, scoring 16 goals and providing 12 assists.“I think the player is quite happy and our conversations with him have been quite positive," said the Toffees' manager.
"I have confidence that he will be delighted to stay with us in the future.”
This season the 18-year-old has been on the fringes of the Spaniard's senior team having made three Premier League appearances so far.