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From the BBC website:
Valencia appoint Ranieri
Former Chelsea coach Claudio Ranieri has signed a two-year deal with newly-crowned Spanish champions Valencia.
"Ranieri has signed for two seasons with an option to extend the deal for another one," said a club spokesperson.
The Italian returns to the Spanish club for his second spell after coaching the side between 1997-1999.
"At last I've come home, I'm very happy and look forward to coaching Valencia once more," said Ranieri, who replaces Liverpool-bound Rafael Benitez.
He added: "When (Valencia general manager) Manuel Llorente asked me if I wanted to return, I said I'll come swimming. From London or from Rome."
During his previous spell at Valencia, Ranieri guided the club to victory in the King's Cup and a first qualification for the Champions League in his final season in charge.
He joined Atletico Madrid immediately after the Cup victory, but his tenure at the club was cut short when they went into administration during his first season in charge.
Ranieri then moved to take over at Chelsea in September 2000 after the departure of Gianluca Vialli.
He will have a hard act to follow in Benitez, who led Valencia to the Spanish Championship and Uefa Cup triumph.
Benitez is expected to take over the manager's vacancy at Liverpool following the departure of Gerard Houllier.
Valencia appoint Ranieri
Former Chelsea coach Claudio Ranieri has signed a two-year deal with newly-crowned Spanish champions Valencia.
"Ranieri has signed for two seasons with an option to extend the deal for another one," said a club spokesperson.
The Italian returns to the Spanish club for his second spell after coaching the side between 1997-1999.
"At last I've come home, I'm very happy and look forward to coaching Valencia once more," said Ranieri, who replaces Liverpool-bound Rafael Benitez.
He added: "When (Valencia general manager) Manuel Llorente asked me if I wanted to return, I said I'll come swimming. From London or from Rome."
During his previous spell at Valencia, Ranieri guided the club to victory in the King's Cup and a first qualification for the Champions League in his final season in charge.
He joined Atletico Madrid immediately after the Cup victory, but his tenure at the club was cut short when they went into administration during his first season in charge.
Ranieri then moved to take over at Chelsea in September 2000 after the departure of Gianluca Vialli.
He will have a hard act to follow in Benitez, who led Valencia to the Spanish Championship and Uefa Cup triumph.
Benitez is expected to take over the manager's vacancy at Liverpool following the departure of Gerard Houllier.
