Southampton are in talks with Ever Banega's representatives, according to SportsDirect News.
The Argentine midfielder has been targeted by Southampton manager Mauricio Pochettino.
Pochettino has been handed a £30million transfer kitty to spend of which he has already signed Deja Lovren from Lyon and is now chasing the signatures of Internacional's Leandro Damiao, Celtic's Victor Wanyama and Ever Banega.
Banega joined Valencia from Boca Juniors in Jan 2008. He has since gone on to make over 100 appearances for the Spanish side, scoring 10 goals.
Banega was bought as a replacement for David Albelda, Valencia's former captain.
Banega has 19 caps for Argentina and has scored a goal for his country against Bolivia and he was part of the the Argentina squad who won the Olympics in 2008.
Southampton have reportedly bid £7.6million for Banega and Valencia are currently considering the offer.
Banega could command a higher fee with the Argentine who is one of Valencia's most important players.
Banega is a creative player who could take Southampton to a higher level. The Argentine is strong and agile on the ball and can pick a pass.
The 25-year-old is versatile and could add a different dimension to Southampton's attack.
Banega can play as a centre forward, in the hole behind the striker or as a deep-lying playmaker.
Other Premier League clubs have been linked to Banega in the past with Everton holding a previous interest and nearly landing the midfielder.
Signing Banega would be a real coup for Southampton and would send a message to their rivals that they are serious about challenging for Europe.
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