Afterwards he returned to Valencia in 2005, being dismissed after two years and going on to work with Benfica, Atlético Madrid – where he won the 2010 Europa League – Al-Ahli, Al-Ain and Watford, before being appointed to Espanyol in 2016.
Setelah itu ia kembali ke Valencia pada 2005, namun dipecat setelah dua musim dan kemudian ia melatih Benfica, Atlético Madrid – di mana ia memenangkan Liga Eropa 2010 – Al-Ahli, Al-Ain, dan Watford sebelum ia melatih Espanyol pada 2016.