Alvaro Negredo could extend his stay with Valencia permanently after the Spanish club dismissed rumours of a return to the Etihad at the end of the season.
The striker hinted at a return to Manchester City, depending on whether his current side could qualify for the Champions League.
Valencia have denied those rumours, claiming that the Spaniard will make his move permanent at the end of the season in a £22.6m move, which is non-negotiable, according to the Manchester Evening News.
Negredo has only made a handful of substitute appearances since moving to the Mestalla Stadium, as he looks to fully recover from a foot injury.
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