Valencia have announced Pako Ayestaran as new coach.

Los Che have officially announced that Pako Ayestarán's deal to manage the first team has been extended until July 2018.

They said in a statement:

"Valencia Club de Fútbol wish to announce the appointment of Francisco Martín Ayestarán Baranadiarán -Pako Ayestarán- as head coach of the first team, on a deal running through to June 30th, 2018.

"The squad were informed of the decision this morning by club Chairwoman, Lay Hoon Chan, and Sporting Director, Jesús García Pitarch at the Ciudad Deportiva de Paterna."