The 47-year-old former Portugal manager, who led his country from 2010 to 2014, became the team’s third coach in just two months after fellow countryman Marco Silva and Spaniard Sanchez.
“Olympiacos would like to announce the start of its co-operation with the Portuguese technician Paulo Bento,” Olympiakos said in a statement.
Contract details were not disclosed but local media reported that Bento had signed a two-year deal.
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