The Latics winger was released from the Toffees' youth system as a teenager and, after scoring against Huddersfield at the weekend, is eyeing a reunion with his former club
McManaman, who began his career with the Toffees, shone in Wigan's 4-1 victory over Huddersfield on Sunday, scoring the opener and playing an important role in their second and third goals.
A trip to League One Oldham may be seen as the easier tie but for McManaman, who signed with Wigan aged 16, a return to the club where he began his career would be preferable.
"Personally, I hope it's Everton", the winger told The Daily Mirror, "When I saw the draw I was made up. I’m really happy with it.
"We’re only one game away from a Wembley semi-final and a couple away from going the whole way.
"You never know what might happen. It would be great if the club could reach the final for the first time and hopefully we can do it."
With the Latics currently sitting 19th in the Premier League, McManaman stressed the importance of replicating their FA Cup form in their league fixtures.
"We need to carry this form into the league, especially with a really big match coming up against Reading," he emphasised.
"Now we can all concentrate on trying to climb above the relegation zone and keep the club up."