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Francis Coquelin is set to complete a transfer to Valencia, Arsenal manager Arsene Wenger announced after the first leg of the Carabao Cup semi-final on Tuesday.

Valencia had teased Coquelin’s impending arrival by posting a picture of a suitcase adorned with the midfielder’s initials to their Twitter account .

Previous reports suggested that the Spanish side would prefer a loan agreement with a purchase option , but the move is now understood to be a permanent one valued at £10.5 million.

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And after holding Chelsea to a 0-0 draw on Wednesday, Wenger confirmed the 26-year-old is on his way out of Arsenal.

Asked by Sky Sports after the match if Coquelin was about to leave Arsenal, Wenger replied: “Yes.”

Wenger later added at a post-match news conference: “He goes to Valencia, he didn’t get enough games.

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“I let him go.”