The Spanish club want to raise funds this summer so they can make investments for new boss Unai Emery.
And Super Deporte claims Pedraza is a player they may be willing to put up for sale.
The price tag suggested for the 24-year-old left back is £7.2 million.
Brighton have the biggest interest in the Andalusian, who has played in England before.
Pedraza is not in the plans of boss Emery at Villarreal.