Valencia have hired former Watford manager Javi Gracia as their new coach, the club announced on Monday, with Gracia putting pen to paper on a two-year contract with Los Che.
"Valencia CF have reached an agreement with Javi Gracia, who has been appointed as first team coach as of Monday, on a two-year deal through to June 30, 2022," the club said in a statement.
Valencia dismissed Albert Celades last month after a poor run of results.
Valencia had started the 2019-20 campaign under coach Marcelino, who was surprisingly sacked in September despite having led the club to successive top-four finishes and to the Copa del Rey title, their first major trophy in 11 years.
Gracia, 50, had been out of a job since being sacked by Watford in September after a poor start to the campaign. Watford were relegated from the Premier League on Sunday.
Gracia, who returns to Spain where he has coached Malaga, Osasuna and Almeria, inherits a team that finished ninth in La Liga to miss out on European football next season.
Valencia were knocked out of the Champions League after an 8-4 aggregate defeat to Atalanta in the round of 16.