Manchester City striker Alvaro Negredo has completed an initial loan move to Valencia.
The deal with Valencia includes an obligation for Los Che to buy the player, who is currently out with a broken foot, at the end of the season.
The 29-year-old impressed in what proved to be his only season in Manchester, but was reportedly keen to return to his homeland, leaving City manager Manuel Pellegrini with Sergio Aguero, Edin Dzeko and Stevan Jovetic as his options in attack.
City paid £20million to bring the forward from Sevilla last summer after his previous spells with Real Madrid's 'B' team and Almeria.
The Primera Division club issued a statement that read: "Valencia Football Club has reached an agreement with Manchester City Football Club for the loan, with an option to compulsory purchase, the Spanish international striker Alvaro Negredo, considered one of the best attackers of the national and European football.
"The footballer with Valencian family, will be presented tomorrow at the Mestalla. The club invites all Valencianistas to attend the presentation."
Negredo scored 23 goals in his first season with City, including hat-tricks against CSKA Moscow in the UEFA Champions League and West Ham in the Capital One Cup.
Nicknamed 'the Beast', he formed a formidable partnership with Aguero in the early part of the 2013/14 campaign, but his importance to the side waned after suffering a shoulder injury.
Indeed, his last City goal came in January and he went 16 matches without finding the net at the end of the title-winning season.
City, confirming the move, wrote on their website: "Alvaro Negredo has joined Valencia on a season-long deal. In total, Negredo played on 49 occasions for City, scoring 23 goals, two of which were hat-tricks.
"La Liga side Valencia have an obligation to purchase the Spain international at the end of the loan period and everybody at Manchester City wishes Alvaro every success in the future."
Source: FIFA.com