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Villarreal have loaned Ecuadorian starlet Antonio Valencia to Segunda outfit Recreativo de Huelva.
The 20-year-old joined the Yellow Submarines in the summer but has failed to break into the first-team picture at El Madrigal.
As a result, Villarreal boss Manuel Pellegrini has decided the time is right to farm him out to allow him to gain more experience.
Recreativo currently sit second La Segunda, three points behind table-toppers Xerez.
They expect the powerful young South American to bolster their promotion bid.
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Espanyol have completed their third signing of the summer after Wakaso Mubarak agreed to join the club from Villarreal.
Swansea have signed Jonathan de Guzman on a season-long loan from Villarreal to follow up the capture of Jose Manuel Flores.
Sky Sports understands Swansea have flown Jonathan de Guzman and Chico Flores into Wales as they close in on their signings.
Giuseppe Rossi will only be able to secure a move back to his homeland when he has recovered from his cruciate knee ligament injury.
Roma have revealed they will not be making any moves to sign Villarreal striker Giuseppe Rossi.