Valencia are reportedly preparing a move for Manchester City forward Alvaro Negredo.
Los Che were expected to have significant transfer funds to spend this summer after talks with Singaporean businessman Peter Lim about the purchase of the club.
Thus far, the deal has still not been agreed, but Valencia do have some money in the kitty.
According to Superdeporte, the Spanish outfit want to bring the former Sevilla striker back to La Liga.
Juventus' Fernando Llorente has also emerged as a target.