With the Merseysiders forced to deploy Steve Watson as a makeshift attacker, alongside Tomasz Radzinski, Smith is determined to increase his options as Kevin Campbell is still sidelined by injury, and could be missing for some time.
Smith was spotted at Bury's Gigg Lane on Saturday, eyeing Brighton hot-shot Bobby Zamora.
The Seagulls striker equalled a club record of netting in eight consecutive games with a goal in his side's 2-0 win, but feels in a relaxed mood.
"I don't feel there is any pressure to break the record," he claimed afterwards. "The main thing is to keep winning."
Southampton and Tottenham are also on the trail of the Albion ace, although Brett Ormerod is Gordon Strachan's top target.
Bolton Wanderers boss Sam Allardyce was another interested spectator at Bury, and Zamora will continue to attract attention if he maintains his current level of goalscoring prowess.
Smith's number two, Archie Knox, was also on scouting duty on Saturday, with The Toffees not in action until Sunday, as he witnessed Crewe's away win at Stockport.
Exciting prospect Ashton is believed to be the main focus of Knox's attention, and he gave a polished display in the Alex attack.
Meanwhile, Macclesfield youngster Rickie Lambert, who bagged both goals in his side's win at Torquay, is also rumoured to have been watched by scouts from Goodison Park.
