Spain’s Euro 2008-winning coach Luis Aragones, who recently took over at Fenerbahce, has been offered the chance to become the new coach at Valencia.
Valencia’s new executive director Juan Villalonga has offered Aragones a two-year contract, according to reports.
An agreement between the two sides could be reached “over the coming hours”, Marca has reported.
Aragones, signed a two-year contract with Fenerbahce but Marca claimed he can break it without paying a penalty.
Current Valencia coach Unai Emery, who was appointed in May, will be fired, the report added.
Aragones, who became Spain coach in 2004, led his country to glory at last month’s Euro 2008 finals .
Villalonga, a former president of Spanish telecoms giant Telefonica, took control of Valencia last week.
Valencia had four coaches last year: Quique Sanchez Flores, Oscar Fernandez, Ronald Koeman and Salvador Gonzalez “Voro”.