And with the big price-tag came big expectations, which the Spaniard has yet to live up to.
Kepa was dropped by Chelsea earlier this season, but played the full 90 minutes against Aston Villa on Sunday.
They further claim that Chelsea are actively looking for a club to take Kepa off their hands.
Kepa weighs heavily on Chelsea’s books with amortization costs of €16m a year, so will leave if a new keeper arrives.
Valencia could be a solution for the former Athletic Bilbao goalkeeper, possibly in a paid loan deal.
Kepa is proven in La Liga from his time at Athletic where he one of Europe’s most highly-rated goalkeepers.