Valencia contract renewal talks with Gaya are reportedly 'on hold'

Talented left-back Jose Luis Gaya is a target for numerous Premier League clubs, who are waiting to pounce, if he doesn't extend his terms with Valencia.

According to Valencian outlet, SuperDeporte, talks to extend the contract of Jose Luis Gaya, have reached a frustrating point for his current club. This will be music to the ears of clubs such as Chelsea, Manchester City and Real Madrid, who are considering offers, if he doesn't pen a new deal.

The highly talented 19-year-old is very much a key part of the Valencia team, with the club keen to secure his long-term future, beyond the current contract until June 2018. However, it appears they won't be held to ransom by his agents.

The report claims that the main sticking point for the representatives of the player, Toldra Consulting, is the release clause valuation Valencia want to attach to Gaya's new contract. This is said to be in excess of €40 million, as the club understandably seek to protect their investment.

Valencia have made it patently clear, since the arrival of wealthy owner Peter Lim, that when it comes to contract renewals for players they consider of strategic importance, they're not prepared to renew deals and improve salaries, just to then sell a matter of months later.

As such, it is believed talks are now 'on hold' between Valencia and Gaya, with the club unwilling to budge on their clause valuation, and even considering withdrawing their renewal offer completely; reportedly 'tired' of the posture of his agents.

This could lead to Gaya being available this summer for his current clause value of €18 million, which of course, would be highly tempting to the many clubs recently linked with interest.

Real Madrid have long been associated with plans to move this summer, even though president Florentino Perez claims he has a gentleman's agreement with his Valencia counterpart, Amadeo Salvo, that there is no intention from the Bernabeu.

Meanwhile, there has also been strong interest from Manchester City and Chelsea, with both clubs also keenly monitoring Gaya's situation, and SuperDeporte previously having noted scouts of both clubs, regularly attending Valencia games.

There's no doubting Valencia want to keep Gaya, but firmly on their terms and not those of his agents. However, with their patience seemingly having run dry, there's certainly a window of opportunity this summer, for those who covet the services of such a quality young player.

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