The outgoing Manchester City manager is in the frame of things to replace former Manchester United defender Garry Neville as Valencia manager. According to Daily Star.
Neville was sacked four months into his first managerial job at the Mestalla. And Pellegrini is Valencia's first choice to lead them into next season.
Pep Guardiola was announced as Pellegrini's replacement at City midway this season, and it seems the South American would be returning to Spain.
Pellegrini is believed to be negotiating his terms and conditions before taking up the Valencia job. Both party are reported to be considering a three year contract.
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