Valencia have said Dorlan Pabon has joined Sao Paolo while Helder Postiga and Andres Guardado are close to loan exits.
Pabon has had a medical with the Brazil club and has agreed a deal until 2015, Mundo Deportivo reports.
Postiga and Guardado are both awaiting medicals for their moves to Lazio and Bayer Leverkusen respectively.
If the players pass without issue then they will remain at their prospective new clubs for the rest of the season.
Think you know your Spanish football? Share your knowledge, tips and comments to win cash prizes in OLBG's tipster competition - £11,000 to be won monthly!