Cillessen is set to leave Barcelona after undergoing a successful medical at Valencia while Neto is set to move the other way.
Cillessen travelled to Valencia earlier today and according to The Standard, had a routine medical ahead of a switch to the Mestalla. Reports suggest that the transfer will cost Los Che €30 million.
The Netherlands international was a perennial back up to Marc-Andre ter Stegen and made only 32 appearances in three years at the club. The last time he played for Barcelona was in the Copa del Rey final defeat at the hands of Valencia in May.
The former Ajax man has been keen on leaving Camp Nou in a bid to go to a club where he is guaranteed ample opportunities. And now, Cillessen is going to replace Neto who is going to be signing for Barcelona.
Following two agonizing seasons in the Serie A with Juventus, Neto spent the last two seasons with Valencia. However, it is quite clear that Neto will be second fiddle to Ter Stegen and is unlikely to get a lot of opportunities.
As it seems to be, the two transfers are not traditional player swap deals. Cillessen is going to sign with Valencia right now but Neto is likely to complete the move next month. However, the price remains the same.
Both clubs have opted to use this option in order to balance their books for the 2019/20 financial year.
For Cillessen this represents a great chance to earn some much needed game time. Valencia are likely to see the Dutchman as their number 1. For almost three years, Cillessen cut a frustrated figure at not being given enough opportunities to impress. Now, things are likely to change for the former Ajax man who would be keen to show his soon-to-be former club that letting him go was a mistake.