The Belgian striker was taken on-loan from Stamford Bridge in the summer after the World Cup with Valencia trying to aim as high as possible in the league.
However this season Valencia have not really been on top form and are sitting 12th in the Spanish league.
With that in mind, Valencia are looking to overhaul some of their squad in January with Mich being one of the significant casualties of the shake-up.
We don’t know who is on Valencia’s radar but we do know they are not the team they once were and might not buy world class forwards, but whoever they buy Celtic will be ready for them and will try and come away with something positive in both ties.
The player who is currently valued at €30million by TransferMarkt.com is said to be weighing up his options in general and Chelsea may choose to cash in on the player permanently this month.
Michy has only scored three goals in 23 appearances for the Spanish club but there’s no doubt he would have been a danger to Celtic had Valencia even been able to call upon the striker from the bench during their doubleheader in February.