Leonardo believes that Paris Saint-Germain have a "good chance" of qualifying for the quarter-finals of the Champions League.
Valencia away Carlo Ancelotti's men in the last 16 following today's draw in Nyon, with the first leg taking place in Spain on February 12.
"Valencia are a good side, but I think we have a chance of qualifying," Leonardo told reporters.
"We haven't been at this stage of the competition for 17 years, so it was nice to come here today and see that other clubs wanted to avoid us."
The Brazilian took the job as PSG's sporting director in June 2011.
