The 26-year-old joined the Gunners from Nice last summer and became a crucial part of their team midway through the season.
However, the arrival of Petr Cech at the Emirates has cast fresh doubt over his future at the club, and according to the Daily Star, Valencia are keen to broker a deal for the Colombian.
Ospina kept eight clean sheets for Arsenal in the Premier League last season.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Manchester CityMan City | 37 | 27 | 7 | 3 | 93 | 33 | 60 | 88 |
| 2 | Arsenal | 37 | 27 | 5 | 5 | 89 | 28 | 61 | 86 |
| 3 | Liverpool | 37 | 23 | 10 | 4 | 84 | 41 | 43 | 79 |
| 4 | Aston Villa | 37 | 20 | 8 | 9 | 76 | 56 | 20 | 68 |
| 5 | Tottenham HotspurSpurs | 37 | 19 | 6 | 12 | 71 | 61 | 10 | 63 |
| 6 | Newcastle UnitedNewcastle | 36 | 17 | 6 | 13 | 79 | 57 | 22 | 57 |
| 7 | Chelsea | 36 | 16 | 9 | 11 | 73 | 61 | 12 | 57 |
| 8 | Manchester UnitedMan Utd | 36 | 16 | 6 | 14 | 52 | 56 | -4 | 54 |
| 9 | West Ham UnitedWest Ham | 37 | 14 | 10 | 13 | 59 | 71 | -12 | 52 |
| 10 | Brighton & Hove AlbionBrighton | 36 | 12 | 12 | 12 | 54 | 58 | -4 | 48 |
| 11 | Bournemouth | 37 | 13 | 9 | 15 | 53 | 65 | -12 | 48 |
| 12 | Crystal Palace | 37 | 12 | 10 | 15 | 52 | 58 | -6 | 46 |
| 13 | Wolverhampton WanderersWolves | 37 | 13 | 7 | 17 | 50 | 63 | -13 | 46 |
| 14 | Fulham | 37 | 12 | 8 | 17 | 51 | 59 | -8 | 44 |
| 15 | Everton | 37 | 13 | 9 | 15 | 39 | 49 | -10 | 40 |
| 16 | Brentford | 37 | 10 | 9 | 18 | 54 | 61 | -7 | 39 |
| 17 | Nottingham ForestNott'm Forest | 37 | 8 | 9 | 20 | 47 | 66 | -19 | 29 |
| 18 | Luton TownLuton | 37 | 6 | 8 | 23 | 50 | 81 | -31 | 26 |
| R | Burnley | 37 | 5 | 9 | 23 | 40 | 76 | -36 | 24 |
| R | Sheffield UnitedSheff Utd | 37 | 3 | 7 | 27 | 35 | 101 | -66 | 16 |
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