The Spanish outfit currently sit in third place in the Primera Liga, six points ahead of nearest rivals Villareal meaning Champions League football is something that could be offered to the Everton forwards in the summer.
With the Toffees having yet another season of underachievement it could be suggested that numerous Everton stars are perhaps looking for a move away and Valencia in particular see Arteta and Cahill as two excellent additions to a squad looking to make their mark again in Europe.
Arteta remains a player that is continuously linked with a move away but after yet another unsuccessful season in the Premiership he could fancy a move back to his homeland. Cahill on the other hand will be 32 at the end of the year and will be looking to end his career with the chance of some European football. Moyes will certainly have some work to do to keep the two forwards at Goodison Park after the summer.
With the players now at that age where value begins to depreciate it is believed that a figure close to £18m will be enough to prise both players to the Mestalla.