Chelsea manager Jose Mourinho has urged super-agent Jorge Mendes to find a new club for Juan Cuadrado, according to Spanish newspaper Super Deporte.
The Colombian international moved to West London on deadline day during the January transfer window after the Blues paid Fiorentina £23.3m ($36.7m) in a deal that also saw Mohamed Salah move in the opposite direction on loan.
Having garnered a big reputation during his time in the Serie A, Cuadrado was recruited to replace Andre Schurrle and fight with Willian for a starting spot.
But the Colombian failed to make the impact expected in the Premier League and just started four games.
Earlier this week Spanish newspaper Sport claimed the Blues have offered Barcelona his services as the "Portuguese boss recognises that he made a mistake by gambling for his signing".
Standard Sport, however, responded to speculations by saying that Cuadrado's agent, Alessandro Lucci, recently met with Chelsea and the club convinced him that the Colombian star still has a future at Stamford Bridge.
"Juan is fine at Chelsea for now, we'll see about later. He's happy, and the club is happy with him, so for now we're comfortable," Lucci said.
But now another Spanish newspaper, Super Deporte, insists that Mourinho is likely to cash in now to recoup some of the money the Blues paid for Cuadrado just six months ago.
The Valencia-based publication claimed the Mourinho himself has asked Mendes to find Cuadrado a new place, with Valencia a possibility.
The prestigious agent has been involved with most of Valencia's deals since millionaire owner Peter Lim took charge of the club last year, as the two have a close personal relationship.
Super Deporte claims that Mendes may offer Valencia a loan deal with an option to buy, although Chelsea's first choice would be to sell him immediately.