David Silva's agent has told Sky Sports News that Valencia have turned down an offer from Manchester United.
Premier League champions United have been linked with a £20million bid for Silva as Sir Alex Ferguson looks to add to his squad before the close of the transfer window.
Domestic rivals Liverpool have also been mooted as admirers of the Spain international, who impressed during his country's successful Euro 2008 campaign.
Reports have suggested that the winger could be sold to ease Valencia's financial problems, with Barcelona also linked with a bid.
Silva has admitted that he has 'no desire' to move to England and would prefer to join Barcelona, if he were to leave Valencia.
And, despite acknowledging United's offer, the player's agent Julio Llorente has confirmed the 22-year-old wants to stay in Spain.
"Manchester United made an offer for David Silva, but this has been turned down by Valencia," Llorente told Sky Sports News in a statement.
"Silva doesn't want to play in England because he is happy at Valencia.
"His family are settled and if he was to move it would only be to another Spanish club, like Real Madrid or Barcelona.
"David Silva will start the new season at Valencia."