There was a loophole in the contract between the player and the club that could have allowed either party to break the agreement, Mundo Deportivo has reported, but the deal is expected to be finalised without issue.
It had been suggested that Valdes could break the contract in order to sign for Manchester City, said to be one of several Premier League teams interested in his services, but he has decided to stay with Monaco.
Valdes will earn €12m per year from the Ligue 1 side and be reunited with former Barca teammate Eric Abidal.
Monaco, meanwhile, view Valdes as one of the most important players they can sign in their attempt to establish themselves as one of Europe’s elite and rival champions and current League leaders Paris Saint-Germain on the domestic stage.
Valdes torn his cruciate ligament against Celta Vigo and a date for his return to action has not yet been confirmed.
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