Spanish newspaper Marca revealed on Monday that they reached a pre-agreement and that the 19-year old player is expected in Spain around January 3rd.

Banega made a huge impression during last summer's World Youth Cup leading Argentina to the gold.

"I'm flattered with Valencia interest. I talked to my friends Messi and Aguero and they both told me to complete the move," said the Boca playmaker.

The reports have revealed that Juventus, Chelsea and Atlético de Madrid are also interested in luring him but Valencia are leading the chase.