The 25-year-old Spaniard rose to prominence by netting nineteen times for the La Liga champions during the last season and could be available for a cut-price £7m now that he has entered the final year of his contract.
The Reds, following the £8m sale of a player with less than a year on his comntract in Michael Owen, will be well aware that Valencia will be eager to cash in on their star striker to avoid a bosman move.
