Valencia have signed German Varela from Atletico Madrid.
The winger has joined Los Che in a permanent deal, signing a four-year contract.
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Varela said on Friday: "I'm really excited and being able to be here makes me very happy. It's a dream. I'm really looking forward to getting started, putting on the shirt and being able to start working with my new teammates.
"I can bring pace. I'm a player who can come play the ball short or make runs into space, who likes one-on-one situations and especially running into space.
"When I was little I played alongside Javi Guerra and Jesús Vázquez in the Valencian regional team, and I know many others from having played against them. I'm looking forward to putting on the shirt as soon as possible and playing."