The 24-year-old Holland international and club captain endured a chequered season for the Bundesliga outfit last term, missing much of the early stages through injury, but returning to inspire the team to a late charge to seventh place in the league and a place in Europe.
Vice-chairman Dietmar Beiersdorfer confirmed that Valencia had tabled a bid for the talented playmaker, saying on www.hsv.de: "We got an offer from Valencia on Monday. We communicated to Valencia that we will not sell Rafael - it is not a part of our planning."
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