Roberto Ayala's agent has confirmed that the Argentinian defender is close to agreeing a free transfer move to an unnamed club.
Valencia have made little effort to secure the experienced defender to a new deal and, with his current contract expiring in June, look set to lose Ayala at the end of the campaign.
Villarreal are believed to be the prime candidates for Ayala's signature, but reports in the English press on Thursday indicated that Liverpool boss Rafa Benitez could yet raid his former club for the defender.
If Valencia continue to withhold from talks, then Gustavo Mascardi has confirmed that Ayala will commit to a new club inside three weeks.
"We have nearly reached an agreement with another club for next season, only a few details are outstanding," Mascardi told Radio Valencia SER.
"I cannot wait forever for a call from [Valencia sporting director Amedeo] Carboni about the negotiations.
"If nothing changes before the 4th or 5th of February we will sign the definitive document."
One man keen to remain a Che player is Hugo Viana, despite being linked with an exit after struggling for first team opportunities.
The former Newcastle man scored his first goal for the Primera Liga club on Sunday and is now determined to carve out a first team place at the Mestalla.
"[I want] to fulfil my contract. The rumours about my exit do not interest me," Viana told A Bola.
"My unique desire is to continue in Spain but I need to receive more opportunities.
"The last word goes to coach Quique Sanchez Flores."