The 20-year-old joined Valencia from Real Madrid on a two-year loan deal earlier this summer.
“I have joined a big club and am keen to start the new season. I really want to do well here and have the ambition to win titles with Valencia. This is a new step in my career and I will do my utmost for the club,” Canales said to EFE.
“I spoke with [Juan] Mata last night and he told me that the club are really glad to have me. I already know him from Spain U-21 and I’m looking forward to getting to know the rest of the team.”