Terry is serving a four-match Football Asociation ban for racially abusing QPR defender Anton Ferdinand and Chelsea have slapped a fine on the player into the bargain.
The Mirror reported that FIFA agent Francois Gallardo has claimed Terry has been offered the chance to relaunch his career in the Spanish top-flight.
Valencia are reportedly ready to offer the 31-year-old defender an 18-month contract, with an option for another year.
Gallardo told Radio Intereconomia: "Valencia are negotiating, and I am involved in person, with the signing in the winter transfer market.
"The offer is on his table. The player is out of contract in June and will not renew there for several reasons at Chelsea and he wants to come to Spain."
Gallardo added: "Terry has problems. They are insulting him and he is not taking it anymore. He asked to leave, not us.
"It's real. This has been going on for 15 days and two meetings have already taken place. The deal is already on his table - a year and a half plus one. I think he will accept."
Source: AFP
Source: AFP