Nolito has reportedly agreed to leave Celta Vigo for Valencia

Spain Flag

The Toffees must accept defeat in their bid to sign Nolito, who looks set to remain in La Liga with a firm offer from Valencia.

Whilst reports in The Liverpool Echo recently insisted Everton are still in the hunt for Spanish star, Nolito, any chance of a successful bid from Goodison Park, now seems to have evaporated completely.

According to Spanish radio network, Cadena SER, even though he has also received offers from Napoli and Atletico Madrid, the 28-year-old has apparently said "yes" to an approach from Valencia.

Cadena SER additionally claim that their sources close to negotiations, have indicated that a deal could be agreed as early as next week, with further talks scheduled at the Mestalla.

Directors of his current club Celta Vigo, representatives of Nolito, and executives from Valencia, are expected to thrash out the final terms, with an agreement between all parties set to be reached.

Mainly operating as a winger, Nolito currently has a release clause valuation of €18 million at Celta Vigo. However, there are suggestions the Galician club are prepared to negotiate a fee of around €12 million, based on assurances given to the player, when he signed his last contract.

Whilst it's perhaps too early to claim a deal is done, until an official announcement is made, the reports also indicate that Valencia owner Peter Lim has given his full support to moving for the Spain international.

Valencia are keen to make further quality additions to their squad this season, as they prepare to make further progress in La Liga next season, plus an assault on the Champions League.

Register for EVERTON team updates

Register for HITC Sport - Daily Dispatch