| Season: | 2004–05 |
| Manager: |  Claudio Ranieri (from 8 June to 25 February) Antonio López (from 25 February) |
| Chrtitle: | President |
| Cup5 Result: | Winners |
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| Nextseason: | 2005–06 |
Popular manager Claudio Ranieri returned to Valencia for a second spell in charge after being dismissed by Chelsea. The team started well, winning the UEFA Super Cup and winning 14 points from their first 6 matches, but in October a strong start were cut short by heralded a run of only one win from 7 games and elimination from the Champions League. Form failed to improve in 2005, with a 6-match winless run and early elimination from the UEFA Cup. Ranieri was sacked in late February with the team in 6th. Youth coach Antonio López took charge for the rest of the season, which saw Los Che finish in awful 7th place and thus qualified for UEFA Intertoto Cup for next season. Getafe coach Quique Sánchez Flores was hired as permanent head coach.
Squad at end of season[1]
See main article: 2004–05 La Liga.
2–2 on aggregate, Steaua București won 4–3 on penalty shootout.