The newly promoted Premier League club is flexing its financial muscle.
Now it appears Leeds have all but secured Rodrigo, as Valencia are confirming an agreement.
The fee for Rodrigo is likely €30 million, and the player will have a medical and discuss personal terms in the coming days.
"Valencia have reached a preliminary agreement with Leeds United this Tuesday for the transfer of footballer Rodrigo Moreno, at the expense of completing all the documentation and other formalities and passing the mandatory medical examination," the club said in a statement.
"Valencia want to thank him for his commitment and effort over the last six seasons - in which he has played a total of 220 games, scored 59 goals, and helped to win a cup title. Valencia wish him all the best in this new stage of his sports career."