He joins them from Russian side Rubin Kazan, subject to passing a medical.
“It was a tough job sealing the accord because Nelson is a highly valued player at Rubin,” Valencia sporting director Braulio Vazquez said.
“He is a very important player for us because he is a forward who fits very well with the players we have.”
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.