Ranieri appointed as the new "Valencia" coach © EuroFootball.com

During today's press conference, the Spanish champion and owner of the UEFA Cup officially presented their new coach - Claudio Ranieri.

The former London strategist signed a two-year contract with the team, which also includes the option to extend it for another year.

After last week's departure of former Valencia coach Rafael Benitez, Claudio Ranieri was immediately named as the most likely candidate to fill the vacant position. However, his existing contract with Chelsea prevented him from doing so, but it was terminated this Monday.

For this 52-year-old Italian, it will be a return to the helm of Valencia - he led the team from 1997 to 1999 and won the Spanish King's Cup, so the team's fans hope that he will be able to continue the success of Rafa Benitez.