| Season: | 1998 - 99 |
| Chairman: | Pedro Cortés |
| Chrtitle: | President |
| League Topscorer: | Claudio López (21) |
| Cup1 Result: | Winners |
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| Nextseason: | 1999–2000 |
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.
Squad at end of season[1]
| In | |||||||
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| width=3% | Pos. | width=32% | Name | width=30% | from | width=35% | Type |
| GK | |||||||
| DF | |||||||
| DF | |||||||
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| Out | |||||||
|---|---|---|---|---|---|---|---|
| width=3% | Pos. | width=32% | Name | width=30% | To | width=35% | Type |
| GK | retired | ||||||
| MF | retired | ||||||
| FW | €2.60 million | ||||||
| DF | |||||||
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| DF | €4.00 million | ||||||
| MF | |||||||
| MF | loan | ||||||
| MF | |||||||
| MF | 'loan | ||||||
| DF | loan | ||||||
| FW | |||||||
| MF | loan | ||||||
See main article: 1998–99 La Liga.
Claudio López 21
Angulo 8 Gaizka Mendieta 7
Stefan Schwarz 4See main article: 1998–99 Copa del Rey. Eightfinals
See main article: 1999 Copa del Rey Final.
See main article: 1998 UEFA Intertoto Cup.
See main article: 1998–99 UEFA Cup.