Valencia have turned down a reported offer from Chelsea for David Villa, with the Spain international seemingly set to join Real Madrid instead.
Chelsea's Spanish scout, Juan Cruz Sol, met with Los Che president Manuel Llorente on Thursday in the club's headquarters to discuss the future of the 27-year-old striker.
Cruz Sol spoke to the Spanish media after the meeting, with Valencian newspaper Levante quoting him as saying: "Chelsea made an important offer for him (Villa). But the answer (from Valencia) was 'no' because negotiations with Real Madrid are very advanced."
He added: "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."
Valencia president Manuel Llorente revealed an offer for Villa had been received but refused to confirm whether it was from Chelsea. He told regional newspaper Las Provincias: "Yes, we have an offer for Villa but not from Spain."
Speculation has been rife Valencia could be forced to sell prize assets Villa and David Silva to ease their financial worries.
Madrid splashed out ¦pound;59million on Kaka on Monday and then had a world-record ¦pound;80million bid accepted by Manchester United for Cristiano Ronaldo on Thursday morning.
And it seems their summer spending, as new president Florentino Perez looks to re-establish his 'galacticos' policy, may not end there.
On whether he had spoken to Perez regarding Villa, Llorente added: "We had another conversation on Tuesday and we have started talking about the matter."