DiarioSport says contact has already been made between Valencia and Koeman's representatives, with Los Che directors willing to pay compensation for the Dutchman.

Former Barcelona captain Koeman meets all the requirements Valencia are seeking in their new coach, as outlined by sports director Miguel Angel Ruiz - he has an international profile, knows Spanish football back-to-front and his PSV team plays attractive football.

It's also emerged that agents representing Lothar Matthaus and Ruud Gullit have been in contact with Valencia in the last 24 hours.