Valencia are reportedly prepared to sanction a move for Sergio Canales, but only if interested parties submit an offer in the region of £6.5m for his services.
The 22-year-old was once regarded as one of the best talents in Spain, with his performances in his late teens earning him a move to Real Madrid.
Injury problems meant that he moved to Valencia in 2012, but he has been a bit-part player at the Mestalla this season.
According to AS, Valencia will not force the midfielder out of the club, but are prepared to let him leave if a suitable offer is received before the end of the January transfer window.
Fulham and Everton have both been credited with interest in Canales in the last couple of weeks.