The Catalan outfit are expected to be looking for a new keeper following Valdes's claims that he will leave Camp Nou when the campaign comes to a close.
"Valdes has many roots here but is leaving for his life, he is curious to see how things are elsewhere, so his children can learn English and experience another culture," Fabregas told Radio Catalunya.
"As he has said and for how we know him, it seems almost certain. One of the things that Pepe can bring is that he knows all of us. He provides for a very good atmosphere in the dressing room and is experienced."
Reina left Liverpool on a temporary deal following the arrival of Simon Mignolet.