Manchester City manager Manuel Pellegrini has been identified as Gary Neville’s replacement following his sack on Wednesday at the Mestalla
The 62-year-old has kept a house in the city following his five-year spell at Villarreal.
Pellegrini is open to a move but holds reservations at the division of power at the Mestalla, which could prove a stumbling block in further negotiations.
Meanwhile, Pako Ayestaran has taken over as interim boss and Pellegrini’s representatives have already met Valencia sporting director Jesus Garcia Pitarch as he plots his next move.
The Chilean is leaving the Etihad Stadium to make way for Pep Guardiola this summer.
Super-agent Jorge Mendes enjoys growing influence and Pellegrini knows the Valencia squad needs several new additions if they are to challenge for European qualification.