Nicolas Otamendi's agent Eugenio López is set to meet with Valencia officials in the coming days to discuss the future of the Argentinian centre-back after receiving offers from both Manchester United and Real Madrid, according to Spanish newspaper Super Deporte.
Lopez already revealed that his client is likely to leave La Liga side during the summer transfer window to make a step forward in his career.
"Two months ago Nicolas already told [president] Amadeo Salvo he wants to leave Valencia this summer. Nicolas is comfortable with Valencia and the fans but will have an option to improve his career.
"If there's an offer from a club we consider a top club, and it benefits his family, Nico wants to go. There are many discussions with several clubs who want to sign Otamendi," Lopez said on 25 May to Cadena Ser.
And having being linked with a move to Old Trafford since David Moyes reportedly targeted him when he was still playing at Porto, Manchester United have been tipped as the main candidates to secure his services in recent weeks.
A Valencia official claimed during the January transfer window that they had rejected a €35m (£25.3m, $39.4m) offer for the Argentinian, said to be from Old Trafford, but it looks like the Dutch boss has not given up on his intentions to sign the player and is reportedly ready to improve the bid to finally lure him to the Premier League.
Valencia have since insisted that they do not need to sell any players and should any suitors want Otamendi, they would need to meet his full €50m (£36m, $56m) release clause to complete the signing.
And Super Deporte claims that Real Madrid have joined the race to secure his services.
The Valencia-based publication reported that Lopez is going to fly to Valencia in the coming days to discuss Otamendi's next destination with the club officials after both United and Rafa Benitez's side have made him proposals for a move this summer.