The Nigerian defender spent last season on loan at Fenerbahce and talks have taken place regarding a long-term arrangement with the Turkish club.
However, Everton reportedly value the 30-year-old at ?6million, which is more than double what Fenerbahce are rumoured to be willing to pay.
Yobo is now hoping the two clubs can come to an agreement as he enjoyed the opportunity to play regularly last season.
"My future is with Fenerbahce," said Yobo.
"I do not want to return to Everton because I have seen the difference in playing in a competitive team on a regular basis and that has helped me to improve.
"My bosses in Turkey are happy with the way I have played and they want me to remain with them and we are just working on the process that would make Everton to release me permanently to Fenerbahce."
Yobo has made over 250 appearances during his Everton career after originally joining the club on loan from Marseille back in 2002.
Source: Team Talk
Source: Team Talk