José Luís Varela Bustamente (born September 27, 1978) is a Venezuelan professional boxer who has challenged four times for a world mini flyweight championship; the WBO title in 2006, and both the WBA and IBF (twice) titles in 2008.
He has unsuccessfully challenged for a mini flyweight world title four times in his career.
He then lost to WBA champion Yutaka Niida on March 1, 2008, via sixth-round knockout.
Valera was then defeated by IBF champion Raúl García on September 13, 2008, via unanimous decision.
García defeated Valera in a rematch exactly three months later, again by unanimous decision, to retain the title again.