Mikel, who hasn’t even made the bench at Stamford Bridge this season, looked set to join Valencia having turned his back on the Chinese Super League.
But according to the Daily Mail, the 29-year-old has had a change of heart after a three-year deal was put on the table.
He will join the likes of former team-mate Oscar, who made a £60m switch to Shanghai SIPG this month, and Carlos Tevez who became the world’s highest paid player after completing his China move.
Mikel will leave Chelsea a fan favourite having won three Premier League titles, two FA Cups, one Champions League and one Europa League amongst others.
Chelsea may use the funds made from the sales of Oscar and Mikel to land Napoli ace Faouzi Ghoulam.
Antonio Conte is keen to bolster his defensive options at this crucial stage of the season.
The Italian is also willing to let midfielder Ruben Loftus-Cheek leave on loan with Brighton keen on his services.
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