According to Superdeporte, Valencia are rivalling Arsenal for the signature of Barcelona goalkeeper Neto.
The one-capped Brazil international is expected to leave Barca this summer.
Neto, who only joined the Catalans last summer, has struggled to break in at Barca with Andre ter Stegen a regular number one.
The 30-year-old has made just three appearances in all competitions this season.
Superdeporte claim Barca are willing to sell him for at least £18 million.
Neto, meanwhile, is open to joining Valencia but the Spanish editorial say Premier League club Arsenal pose a threat with Mikel Arteta keen to strengthen his goalkeeping options.
The Gunners have Bernd Leno as their regular number one.
The German shot-stopper, however, has lacked competition this season. Emiliano Martinez has featured in cup games, but the 27-year-old isn’t exactly of high calibre.
Neto would be a step up and could provide greater strength to Arsenal’s squad.
The Brazilian was a regular at Valencia prior to joining Barcelona in 2019, making 67 La Liga appearances over two seasons.
Arsenal have also been linked with Paris Saint-Germain’s Alphonse Areola (Mundo Deportivo).
The reports suggest the Gunners have made another goalkeeper a top priority this summer.