There is this fresh from the Guardian. The money quote:
"The answer [from Valencia] was 'no' because negotiations with Real Madrid are very advanced," [Chelsea scout Juan Cruz] Sol said. "So there's no possibility Villa will go to Chelsea because he wants to go to Real Madrid."It's been a crazy day. We're currently trying to figure out who's out at Madrid and what the starting line-up looks like next season. It's like playing fantasy futbol and it's only crazier if they land David Villa. Our collective thinking in a post tomorrow.
At least it hasn't been a bore waiting for the Confederations Cup to start.