The Portuguese club, Sao Paulo, announced today, Saturday, that Portuguese coach Abel Ferreira has renewed his contract with Palmeiras, the current Copa Libertadores champion, for another two years.
The contract, which was due to expire at the end of this year, has been extended until December 2024, thanks to the good performance of Ferreira, who in less than a year won four titles with Verdau.
The contract extension was an open secret in Brazil but was not formalized until the start of the evening by Palmeiras leaders who had already announced that they wanted the Portuguese to lead the São Paulo club beyond 2024.
Since Ferreira took over Palmeiras in November 2020, the club has won the Copa Libertadores twice, the Copa del Rey 2020, and just three weeks ago won Recopa Sudamericana for the first time after beating Atletico Paranaense 2-0.
Since his debut with Verdau, the coach has played 124 matches, with 69 wins, 27 draws and 28 losses.
Ferreira, 42, started his football career in 1997 as a defender at Benafield and finished it in 2011 at Sporting Lisbon, the same club with which he began training two years later in the second division.
He then led Braga in 2017 and in 2019 signed with PAOK, Greece.
The Portuguese coach, who replaced Vanderlei Luxembourgo at Palmeiras, is removed from his position due to poor results in the Brazilian championship, one of the highlights of the current generation of young European coaches.
Teams from Turkey, the United Arab Emirates and Spain have already set their sights on Ferreira, as well as Benfica from his native Portugal.