Pako Ayestaran will stay as head coach of Valencia after signing a two-year deal, the club have announced.
The 53-year-old took charge of the first team in March after Gary Neville was sacked following a dismal run of results in La Liga.
Three wins in a row against Sevilla, Barcelona and Eibar saw Valencia pull away from the relegation places, and Ayestaran emerged as a popular choice to take the role on a full-time basis among supporters despite Valencia ending the season with no wins in their last four.
Former coaches Quique Sanchez Flores and Rafael Benitez were linked with the position, but the club have confirmed that Ayesteran has agreed a contract for the next two seasons.
"Valencia wish to announce that Pako Ayestaran has been named coach of until June 30, 2018," a club statement read.
Ayestaran will hold a media conference on Tuesday at Mestalla.
Bizarre Jose Mourinho statement aims to pre-empt punishment after Fenerbahce boss clashes with Galatasaray counterpart
'Andy Robertson has a decision to make as a player, where you either roll your sleeves up and give someone great competition or you accept decisions and say that your time is done.' Alan Shearer on the conundrum facing Arne Slot's Liverpool
