Valencia CF had a successful season, finishing in the top four of La Liga, and thus qualifying for the UEFA Champions League for the first time in almost thirty years, thanks to the extension of the competition to include more teams from the top leagues. Valencia also won the Copa del Rey, ending a long trophy drought and marking a successful end to Italian coach Claudio Ranieri's first spell at the club. Among the main players behind the success included Gaizka Mendieta, Javier Farinós and lethal striker Claudio López.
At the end of the season, Ranieri left to manage Atlético Madrid; he was replaced by Argentine Héctor Cúper, who had led Mallorca to third place and the Cup Winners' Cup final.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.