Valencia, who have been rebuffed in their attempt to sign Harry Winks from Tottenham, are now showing interest in Arsenal star Lucas Torreira.
The 24-year-old is currently on loan at Atletico Madrid this season, but is struggling for regular game time.
It has been reported this week that Valencia are hopeful of reinforcing their midfield this month - with Torreira understood to be on their shortlist.
Arsenal are said to hold concerns over Torreira's lack of minutes in LaLiga and AS claimed that sporting director Edu has been contacted by Valencia.