Iniesta sustained a hamstring injury against Atletico Madrid on March 4 but the midfielder took part in a light training session yesterday ahead of the last-16 second leg at the Camp Nou. The first leg finished 1-1
"It's clear when a match like this arrives, a player tends to risk," Valverde said today.
"What we have to decide is whether the risk is excessive."
Iniesta could be replaced by Paulinho in the starting line-up but the Spaniard's absence would represent a major blow to his team's hopes of reaching the quarter-finals.
"You give him the ball and he always knows what he has to do to create chances. Everything that he contributes is postive. He is training and we hope he plays."
Lionel Messi, however, is available again, after the Argentine missed Saturday's win at Malaga to attend the birth of his son, Ciro.
"He will be fine," Busquets said. "In fact he will be more motivated than what we are used to and physically he is going to be great, after having an extra game's rest. I hope that this is perfect."
"He is at home here," Busquets said. "He has a great changing room, he is winning titles, has a great project, is winning collective and individual awards.
"In the end all these positive things are difficult to find elsewhere, so the Premier League is a league that maybe you would like to play in but if you have to balance the positive and the negative out of here, it is very difficult to leave.
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