Lukaku was heavily linked with a £75million move to Chelsea last summer.
However, a return to Stamford Bridge failed to materialise with Everton managing to keep their star man.
The Belgium international has been in fine form this season, scoring 17 goals from 25 games.
Five most likely summer deals according to the bookies
Wed, February 1, 2017
Express Sport takes a look at the five most likely deals that could happen this summer. Odds provided by BetStars
1 of 5
Griezmann to the Premier League – Man Utd 15/8, Chelsea 6/1, Man City 8/1
Romelu Lukaku is set to commit his future to Everton
Romelu Lukaku has hit 17 goals for Everton this season
He is also now just one goal shy of becoming Everton's joint-highest Premier League goalscorer of all time.
And the player's agent Raiola, who brokered Paul Pogba's £89million move to Manchester United in the summer, has insisted Lukaku is set to sign a new deal at the club.
Get Quotes on Home Insurance
“There are no problems right now between the player and the club," Raiola told talkSPORT.
Romelu Lukaku made just 15 appearances for Chelsea
“Talks are ongoing. He will sign.”
Chelsea will no doubt be kicking themselves for letting Lukaku go.
The 23-year-old made just 15 appearances for the Blues before signing for Everton for a club record fee of £28million.