Valencia are ready to smash their wage ceiling to secure striker David Villa to a new contract.

The Euro2008 star's agent, Jose Luis Tamargo, is due to meet with Valencia directors this week to discuss a new contract.

Valencia are prepared to hand Villa new terms well above their current £1.4 million-a-year wage cap to keep the forward. Tamargo knows Villa will only be allowed to leave Valencia for no less than £30 million.