Valencia have confirmed that they have received a bid for star striker David Villa that originates from outside of Spain, with speculation that Chelsea are the club that have made the offer.
The cash-strapped Primera Liga outfit are understood to be ready to make a profit on the 27-year-old, who has also been linked with Liverpool, Manchester United and Manchester City in the past.
Real Madrid, however, are thought to be in the driving seat to secure the Spain international, with the forward said to be keen to stay in his homeland.
But Valencia president Manuel Llorente has revealed a European offer for Villa has been received, although he has not confirmed whether it was from Chelsea.
He told regional newspaper Las Provincias: "Yes, we have an offer for Villa but not from Spain."
Chelsea's Spanish scout, Juan Cruz Sol, met with Valencia president Manuel Llorente to discuss Villa on Thursday.
But Cruz Sol is resigned to the fact that Villa is set to join the 'Galacticos' revolution at Real Madrid, who recently signed Kaka before having a world-record offer accepted for Manchester United's Cristiano Ronaldo.
Valencia-based newspaper Levante quote Cruz Sol as saying after the meeting: "Chelsea made an important offer for him (Villa).
"But the answer (from Valencia) was 'no' because negotiations with Real Madrid are very advanced.
"Hence, there's no possibility that Villa will go to Chelsea because he wants to go to Real Madrid.
"The purpose of the meeting was to have some contact and know with certainty what Villa's situation is.
"Now we have clear ideas and we know that to expect."
On whether he had spoken to new Real president Florentino Perez regarding Villa, Llorente said: "We had another conversation on Tuesday and we have started talking about the matter."