According to the Daily Mirror, Chelsea are reportedly set to lodge a £33million offer for the Spanish forward.
"David was approached about the Chelsea move in the summer but did not fancy it," a source for the player has said.
"He was not sure how often he would play or whether they played his style.
"Manchester United is his first choice in England, but there is a problem with that because of the price and his age.
"If it can be agreed with Valencia he would sooner go to Old Trafford."