Just days after his sacking by Fenerbahce, Mourinho is now emerging as a potential replacement for Bruno Lage at Benfica.
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Lage was sacked after last night's shock Champions League defeat to Qarabag.
And Portuguese sources say Lage's successor could be in place by the weekend.
Benfica president Rui Costa said on Wednesday morning: "Regarding the next coach, we expect to have the new one on the bench at Vila das Aves next Saturday."
Mourinho is said to be that "next coach", with his appointment to mark a full circle for the 62 year-old, who began his coaching career with Benfica.