Spurs have been linked with a move for the 27-year-old as Jose Mourinho looks to toughen up his midfield following problems in that area this season.
Reports in Spain have suggested the north London side will bid in the region of €40million for Kondogbia, who has a release clause of €80m.
But Standard Sport understands he could leave for significantly less - especially if Valencia fail to qualify for next season’s Champions League.
The Mestalla-based outfit, currently in seventh with LaLiga suspended amid the shutdown due to coronavirus, will listen to offers for any of their players - as shown by their willingness to sell striker Rodrigo Moreno to Barcelona in the January transfer window.
Kondogbia, a €25m signing from Inter Milan in 2018, is out of contract in 2022 and Valencia will want to make a profit on the midfielder.
That could see the former Sevilla and AS Monaco player in the market at around €30m after three seasons at Valencia, where he moved initially on loan from Inter and has made 79 appearances, scoring six goals.