Born in Florida, Valle del Cauca, Valencia joined América de Cali's youth setup in 1996, aged 11. He was promoted to the main squad in January 2004, appearing in 14 matches and scoring three goals in the campaign.
Atlético Paranaense
In 2007, after having his wage cut by half and thus forcing a release from América, Valencia moved abroad for the first time in his career, joining Atlético Paranense on a free transfer, along with fellow countryman and teammate Julián Viáfara.[1] He made his Série A debut on 24 June 2007, starting in a 2–0 away win against Palmeiras.[2]
On 12 April 2008 Valencia scored his first goal for Furacão, netting the game's winner in a home success against Toledo Colônia Work for the Campeonato Paranaense championship.[3] He was an undisputed starter for the club, which his side narrowly avoiding relegation in the following seasons.
Fluminense
On 15 June 2010 Valencia moved to fellow league team Fluminense.[4] He soon profited from Diogo's injury, being an important midfield unit as the club was crowned champions.
Valencia subsequently struggled with injuries and fell down through the pecking order, appearing rarely in 2012 and 2013. In 2014, despite appearing regularly, his contract was not renewed and he left Flu on 12 December.[5]
Santos
On 16 January 2015 Valencia signed a one-year deal with Santos, also in the main level of Brazilian football.[6] He was regularly used during the year's Campeonato Paulista, but was received little playing time after recovering from a severe knee injury suffered while in international duty.
On 5 December 2016 Valencia left Santos, after being told that his contract – expiring in the end of the month – would not be renewed.[7]
Atlético Nacional
On 12 January 2017, Valencia returned to his homeland after agreeing to a one-year deal with Atlético Nacional.[8]
On 28 May 2014, after being regularly called up by manager José Pékerman, Valencia suffered an injury which forced him out of 2014 FIFA World Cup.[10] Called up for 2015 Copa América, he started the first three games of the competition, suffering a serious knee injury in the last one and being sidelined for six months.[11]