Former Malaga and Rubin Kazan manager Javi Gracia has been confirmed as Watford's new Head Coach on an 18-month contract.
Marco Silva was sacked on Sunday following a run of poor results that has seen the Hornets win just one of their last 11 Premier League games.
Watford were also unhappy with the destabilising effect Everton's approach to Silva has had on the club, with the Toffees initially keen to talk to the Portuguese about becoming their new manager before Sam Allardyce was appointed to the role.
Gracia left Rubin Kazan after they could only finish ninth in the Russian Premier League but he has now been given the opportunity to try his luck in the English top-flight.
Sky Sports News understands funds are available to the new boss in the January transfer window, but space must be made in Watford's squad before any new players can be signed.
Watford are 16/5 outsiders with Sky Bet to win at Southampton in the fourth round of the FA Cup at St Mary's on Saturday before being priced up at at 21/10 with the online bookmaker to claim victory at Stoke in the Premier League on January 31.
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