Manchester United are ready to sell Pereira and have been in talks with Valencia for some time.
The player spent last season on loan at Granada and is yet to feature for Jose Mourinho’s men this term.
And Spanish newspaper Plaza Deportiva claim Valencia owner Peter Lim has flown into Manchester to get talks underway on a deal.
United host Leicester this afternoon as they seek to extend their 100 per cent start to the season.
Singaporean tycoon Lim was last night in Paris to watch PSG thump St Etienne 3-0.
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The owner is keen to sign Gonzalo Guedes and is now in England eyeing up Pereira.
Plaza Deportiva claim he will be at United’s clash with Leicester (5.30pm) and hopes his presence will help the Pereira deal along.