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Published 09:24 20 Nov 2015 GMT

It fulfils Van Gaal's desire for the 33-year-old not to join a Premier League rival, while allowing him to return to his home city of Barcelona.
However Newcastle United, whose first choice Tim Krul is out for the season, could yet attempt to hijack the deal.
Espanyol are currently 13th in La Liga, but no team in the Spanish top-flight has conceded more than their 23 in 11 games.
They have struggled for clean sheets since former number one Kiko Casilla moved to Real Madrid, so Valdes could be the perfect addition to their squad.Explore more on these topics:
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