Valencia will receive Munir El Haddadi from Barcelona on a loan deal with the option of buying him next summer for €12 million ($13.4 million).
Munir will receive the No. 9 shirt vacated by Paco Alcacer, who was sold to Barcelona this week.
Valencia's loan deal includes a first refusal clause for Barcelona in case they decide to sell him on in the future.
The versatile forward is currently on international duty with the Spain Under-21 squad and will arrive in Valencia next week.