The Russian oligarch hopes to complete the sale of Chelsea as soon as possible and is said to be in talks to buy the struggling Spanish giants.
According to a rival bidder in the process, Roman Abramovich will attempt to purchase Spanish club Valencia once the sale of Chelsea is completed.
Abramovich confirmed last month that he was selling Chelsea, but there is now speculation that he may return to football immediately in the hope of purchasing Valencia, a struggling La Liga club, amid reports that Singaporean businessman Peter Lim has put Valencia up for sale. According to Miguel Zorio, a competing bidder for Los Che.
Chelsea are desperate to find a new owner in the midst of a budget crisis, with their funds being dictated by the British government in the aftermath of the UK sanctions imposed on Abramovich due to his alleged links to Russian President Vladimir Putin. The EU then imposed sanctions on him, which means that any of his assets on EU territory could be taken and frozen.