Silva has revealed that he was the subject of a large bid from an English club in the summer.
Reports suggest Manchester United are ready to make a new move for the winger in the January transfer window.
Liverpool and Real Madrid are also being reported to be interested in the 23-year-old.
“It is true that there was a bid from a big English club,” he told The News of the World.
“If it was only a question of money then I would have accepted the move.
“Things can change in the future but right now I am happy in Valencia and I did not have sufficient motive to leave.”