The striker moved to Mestalla on loan in January and the club have now confirmed their plans to make the deal permanent
Valencia's sporting director Jose Ramon Alesanco confirmed on Wednesday the club's intent to sign the striker on a permanent deal.
The Italy international joined on a loan deal until the end of the season in January, having struggled to settle during a spell in the Premier League with West Ham.
The deal includes an option to buy the player outright from the Serie A champions and Alesanco has claimed that an agreement to activate the clause has already been reached.
"No matter what, he is a part of Valencia," said Alesanco, who was appointed as Jesus Garcia Pitarch's successor this week.
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"After this half a season, he'll have four more years [at Valencia] and we have to get the best performance out of him."We hope he scores lots of goals and makes us happy in every match."
Alesanco hopes to secure a similar deal for Fabian Orellana, who joined from Celta Vigo on loan on January 31.
"We can consider him a Valencia player already," he said.
Orellana and Zaza both scored in the surprise 2-1 win over La Liga leaders Real Madrid last Wednesday.
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