Gary Neville is not expected to remain with Valencia beyond the end of the season unless there is an unexpected turnaround.
A meeting with the club’s owners has been pencilled in for April, but both parties are aware that there are few reasons for his five-month deal to be extended.
Both sides appear to believe the results produced don't merit a longer deal.
On Sunday evening, fans at Mestalla chanted “Gary, vete ya!” (Gary, go now!) in significant numbers for the first time, after another home defeat. Valencia have won just three of 16 league games under him and are six points off the relegation zone.