Terry could be moving to Spain during the winter transfer window if the reports are true, after Valencia sources told Sky Sports News they had been offered the player.
FIFA agent Francois Gallardo, who says he is negotiating to help with the deal, told Radio Intereconomia: "Valencia are negotiating, and I am involved in person, with the signing in the winter transfer market.
"The offer is on his table. The player is out of contract in June and will not renew there for several reasons at Chelsea and he wants to come to Spain.
"Terry has problems. They are insulting him and he is not taking it any more. He asked to leave, not us.
"It's real. This has been going on for 15 days and two meetings have already took place. The deal is already on his table - a year and a half plus one.
"I think he will accept."