Reports in Spain are strongly suggesting that the 24-year old midfielder has travelled back home today and will put the finishing touches on his deal and Valdes expects him to be a Barcelona player by the weekend.
"I hope so yes and, if the news is confirmed it will be great news, above all for one person, a friend, and the Barcelona fans," he told AS.
"I'm not disclosing anything, but as you know it is advanced, and although it is not official it will surely be closed very soon."
When asked if he could imagine a Barcelona without Fabregas next season, Valdes replied with: "I can't imagine it. I think that the news is almost confirmed and he will surely come, but anything could happen.
"I think that it will be confirmed and I'm very happy."