Roman Abramovich allegedly holds an interest in buying Valencia once he has parted ways with Chelsea over the coming weeks.
As a result of government-imposed sanctions, the Russian billionaire is now awaiting Raine Group to finalise the sale of Chelsea with four bidders remaining in the race to purchase the West London outfit.
However, a rival bidder for Valencia - Miguel Zorio - has claimed that Abramovich is in the running to take over from Peter Lim, who has put Los Che up for sale.
Zorio has claimed that Abramovich is planning to put forward a proposal to buy shares from Lim, with Plaza Deportiva reporting a letter which is said to be from Zorio.
It reads: "Peter Lim has tried to sell the club in London for €250m and has not succeeded. Lately, he has leaked to international media that he has two purchase offers, mine and that of the Russian oligarch of Chelsea.
"And from here, I tell him that either he puts €50m every year to compensate for the losses he generates or he sells to us. Whether he likes it or not."
Despite the poor financial position of Valencia, a recent five-game unbeaten streak has moved them into ninth position in La Liga.
