Victor Valdes has reportedly turned down the opportunity to sign for Valencia.
Following a spell on the sidelines with a cruciate knee ligament injury, the goalkeeper joined Manchester United on an 18-month contract back in January.
However, he only featured towards the end of the season due to an injury to number one goalkeeper David de Gea.
Los Che had offered the 33-year-old the chance to play regular football, but having considered the proposal, he has decided to continue his career at Old Trafford, according to AS.
Valdes has made just two appearances for the Red Devils, during which he kept one clean sheet.