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Published 23:11 25 Aug 2016 BST
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The Old Trafford club are reportedly prepared to take a financial loss on Rojo. The 26-year-old Argentine joined for around £17m, but Valencia's bid is understood to be close to half of this fee.
Valencia appear to be preparing to spend some of the money they're about to receive from Arsenal for German defender Shkodran Mustafi. The 24-year-old appeared to be on the brink of a move to London on Thursday night, as it was revealed Arsene Wenger was also close to completing a deal for Deportivo La Coruna striker, Lucas Perez.
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