Pizzi has replaced interim coach Nico Estevez, who took over after Miroslav Djukic's six-month tenure ended with his firing last week.
Spain: Valencia have hired Juan Antonio Pizzi as coach, their fourth in the last year and a half.
The 45-year-old Argentine replaces interim coach Nico Estevez, who took over after Miroslav Djukic's six-month tenure ended with his firing last week.
Valencia are in 11th place in the Spanish league and five points above the relegation zone.
Pizzi guided San Lorenzo to Argentina's Torneo Inicial title in December.
Pizzi played for Valencia, Barcelona, Villarreal and Tenerife. He was the league's leading scorer with 31 goals for Tenerife in the 1995-96 season.
Valencia are heavily indebted and among seven Spanish clubs being investigated by the European Union for the alleged receipt of illegal public aid.
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