Valencia have agreed to hire former Serbia coach Miroslav Djukic to replace the departing Ernesto Valverde and lead their Europa League, La Liga and King's Cup campaigns next season.
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The club posted a video on their website (www.valenciacf.com) of the Serb arriving in Valencia to sign his contract and said he would be presented to the media on Wednesday.
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A former Yugoslavia international, Djukic spent six seasons at Valencia as a player and also had stints at Deportivo La Coruna and Tenerife.
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As a coach, he helped Real Valladolid win promotion back to the Spanish top flight in the 2011-12 season.
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They finished in 14th place last term and he announced at the end of the season he was moving on.
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Djukic is well known in Spain for missing a penalty kick late in Depor's final match of the 1993-94 season against Valencia which handed the title to Barcelona.
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He told reporters earlier on Tuesday coaching a club of Valencia's stature was "a dream come true".
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"I think we have a very good and very competitive team which is ready to achieve the club's goals," the 47-year-old added.
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"I am ready and I have the calm that comes from knowing we have the tools to do great things."
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Valverde, brought in to replace Mauricio Pellegrino in December on a six-month contract, said instability at cash-strapped Valencia had convinced him it was best to leave.