Arsenal are set to offer striker Carlos Vela to Valencia, with the Primera Division side interested in taking him to Spanish football at the end of the season.
Goal.com Spain comments that the 21-year-old, who has previously spent spells on loan with Salamanca and Osasuna, is struggling to make an impact on the first team at the Emirates, and manager Arsene Wenger is ready to let him leave for pastures new.
Fellow La Liga side Espanyol had previously been linked with a move for the Mexican, but yesterday sporting director Ramon Planes ruled his club out of an offer.
The Gunners will seek a fee of around €7 million for Vela, and Valencia may consider that amount to be well within their budget as they continue to rebuild their squad.
Mestalla boss Unai Emery has also been linked with moves for Lille defender Adil Rami and Lorient striker Kevin Gameiro.