But Marcelino refused to be that optimistic when asked about the potential arrival of the Arsenal midfielder after Valencia secured qualification for the Copa del Rey quarter final with an impressive 4-0 victory over Las Palmas.
Francis Coquelin is moving closer to Valencia.
They have already been linked with a number of midfielders this January, and it appears that Mohamed Elneny is yet another player that West Ham United boss David Moyes would be keen to bring to the London Stadium. Signing Coquelin would strengthen their midfield options in the second half of the season.
The Daily Mail claim West Ham are interested in the former FC Basel midfielder, as well as Sunderland flop Didier Ndong, as Moyes looks to add depth to his Hammers midfield.
Loan spells at Lorient, Freiburg and Charlton followed before Coquelin broke into the Arsenal first team on a regular basis in the 2014/15 season.
Speculation was ripe when Arsene Wenger kept Coquelin out the squad to face Nottingham Forest, meaning if he joins another English side, he won't be cup-tied.
Arsenal manager Arsene Wenger also confirmed on Tuesday that there is a high possibility of Coquelin leaving the club after almost 10 years when he played his first game competitive game for the North London outfit in 2008, he was just 17 at the time.
Don't Expect OPEC's Oil Deal To Fall Apart in 2018
Adding to the positive sentiment, analysts expect global economic growth to lead to higher demand for oil. Iran said on Tuesday that OPEC members were not keen on increased prices.