The 22-year-old’s current deal is set to expire in the summer of 2013.
Mata has been linked with a move to Liverpool but Valencia are reportedly ready to offer the winnger a four-year contract extension.
“This is a clear signal that the club has confidence in me and in my work but the deal is still not closed,” said Mata.
“To sign the new deal it will be a big joy.
“I am content and I hope to stay for many years in Valencia.
“Now i am living my best moment and the team have begun the season brilliantly.”
