Chelsea and Manchester City have been dealt a blow in their pursuit of Dutch full-back Gregory van der Wiel.
Valencia looks the likely destination for the Ajax player and not Stamford Bridge nor the Etihad Stadium, according Goal.com reports.
Andre Villas-Boas and Roberto Mancini are admirers and had been encouraged by the news that Ajax were resigned to selling their prized asset.
This hope was damaged after comments from the 23-year-old signalled he would prefer a move to los Che over Chelsea or City.
Van der Wiel is able to operate in midfield as well as defence and it was this versatility that attracted the Citizens.
Andre Villas-Boas is desperate to inject some new young blood into his ageing Chelsea squad and the Holland international fits that bill.
Van der Wiel has confirmed he will not be signing a new deal at Ajax, but has also stated his preference for a move to La Liga.
"I love La Liga and it would be nice to play for a club like Valencia," he said. "I would like to sign for them because it would be a big step for me. The clubs will talk among themselves so let's see what happens if they agree."
It would appear that Chelsea and Manchester City are not favourites to sign Van der Wiel.
There is no suggestion that a deal has been decided, so the English clubs' superior spending power could still be a factor.