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Fulham have sliced more than £4million off their valuation of Andy Johnson as Everton’s summer of misery in the transfer market continues acording to a story in the Daily Mail.

With manager David Moyes facing defeat in his attempts to sign Juventus midfielder Tiago and Athletic Bilbao’s Javi Martínez, his hopes of raising much-needed funds have been hit by Fulham’s hardline stance over Johnson.

The clubs agreed a fee for the England striker last month, starting at £10.8m and rising through performance related add-ons to a club record buy of more than £12m. Everton’s Andy Johnson’s transfer has hit a snag

But signs of an old knee injury surfaced when Johnson took a stringent medical and Fulham withdrew the original offer. They are unwilling to pay any more than £8m now, with Everton under pressure to accept the new terms or risk the transfer collapsing.

It is a huge blow for the Merseysiders as they try to find ways of funding an £18m deal for Sporting Lisbon’s Joao Moutinho.