The 27-year-old forward has revealed he wishes to emulate the success the side's current captain has brought and says the future of Valencia is in safe hands
Albelda is set to call time on his career at the Mestalla after 18 years when his contract expires in July.
And Soldado - who is currently vice-captain - says he would draw on what the midfielder achieved during his time as club captain to inspire him to win similar honours.
"David [Albelda] is living history of this club, one of the greats. For me, I am also a Valencia fan and it is a huge honor to be one of the captains of Valencia," Soldado told EFE.
"Hopefully I can carry that armband for a long time and hopefully get some of the successes that David has enjoyed in the club."
Valencia are one of many Spanish clubs currently suffering with financial issues, but Soldado insists the future of the side is safe with president Manuel Llorente.
"I know that the club is in good hands with the president. He is doing a great job to ensure the future of Valencia is safe," he added.
"The only way we can help to improve the situation is qualifying for the Champions League because the financial aspect of qualification will help our finances."
Valencia, who are currently two points adrift of fourth-placed Real Sociedad, resume their push for a Champions League spot with a trip to the capital to face Atletico Madrid next Sunday.