Valencia are chasing Portuguese central defender Jorge Andrade from Deportivo La Coruna, as a replacement for Roberto Ayala.
Negotiations are already underway between the clubs, but the Galicians are said to be holding out for é¼15 million for the player.
Andrade missed the end of last term and this summer's World Cup because of a knee injury, but says he is fully focused on his own recovery rather than the speculation surrounding his services.
"Personally, I do not know anything about Valencia," Andrade admitted.
"It is a subject for Deportivo and my own preoccupation is to continue my total recovery and to play soon."
The Estadio Riazor outfit have also completed part of their prolonged negotiations with Racing Santander.
Goalkeeper Dudu Awat has now signed a four-year deal at La Coruna, while forward Pedro Alvarez Munitis has moved the other way and committed to Santander for five seasons.
The Estadio El Sardinero team have also taken Depor striker Ruben Castro and midfielder Momo on loan for the season.
Argentinian full back Lionel Scaloni remains the only piece of unfinished business for the Liga giants, and they are believed to have demanded é¼1 million for the Albicelestes defender.