Spurs to pay €12m up front, with a further three installments until 2016.
Tottenham look set to announce the signing of Roberto Soldado on Thursday after finally agreeing a deal with Valencia for the striker.
According to various sources, Spurs will pay around €30m for the 28-year-old.
Fran Guaita, a journalist for Valencia-based radio station Cadena Ser, revealed the North London outfit will pay €12m up front and €6m annually for the next three years.
Traspaso Soldado cerrado. El VCF cobrará ahora 12M y el resto en plazos de 6M en marzo de 2014, 2015 y 2016. Contado en @La_SER
— Fran Guaita (@FranGuaita) July 31, 2013
Spain international Soldado is expected to sign a four-year contract at White Hart Lane.