Valencia have reached an agreement with Russian side Rubin Kazan to sign Paraguay striker Nelson Valdez on loan with a view to a permanent deal.
The deal is subject to the player, 28, passing a medical, the La Liga club said in a statement on their official website.
It marks a quick return to Spanish football for Valdez, who only joined Rubin Kazan from Segunda Division side Hercules last August.
"It was a tough job sealing the signing because Nelson is a highly-valued player at Rubin," said Valencia's sporting director Braulio Vazquez.
"He is a very important player for us because he is a forward who fits very well with the players we have.
"He has strength, commitment, speed and gets forward very well. He will also give us goals. We have a lot of confidence in him."