Valencia CF agreed with Red Star Belgrade for the free transfer of Cristian Piccini as Valencia CF were looking to lower the salary expenditure in order to be able to bring a central defender and a midfielder like Jose Bordalas requested.
Valencia CF wants to acquire the player on a loan deal with a purchase clause at the end of the deal if certain conditions are met, things like minutes played or matches played, but CA Osasuna were not receptive of such a deal and want cash for the player in order to part ways with him. I think ultimately both sides might agree on a half a million euros loan fee with an option to purchase the player in the summer for an additional million euros.