In September 2015, Ferrera was appointed manager at Standard Liège. In spite of winning the domestic cup that season, he was sacked early into the 2016–17 season due to disputes with the board of directors. Ferrera was replaced by Aleksandar Janković. Janković's former club, Mechelen, immediately decided to hire Ferrera for two seasons as a replacement.
On 14 October 2019, Ferrera was appointed as the new manager of Saudi Professional League outfit Al-Fateh.[5] He left the club by mutual consent on 9 January 2022.[6]
On 21 October 2022, Ferrera was appointed manager of Cypriot First Division club Omonia Nicosia.[7] He was sacked in February 2023 amidst disappointing results in the league.
On 6 June 2023, Ferrera was appointed as manager of newly promoted Saudi Pro League side Al-Riyadh.[8] On 20 September 2023, Ferrera was sacked by Al-Riyadh, with the club sitting in the relegation places.[9]
Personal life
Ferrera was born in Ukkel to a Spanish father and an Italian mother.[10] He retained his Spanish citizenship until 1992, when he was naturalised as a Belgian.[11] His father, Francisco, and his uncles, Manu and Emilio Ferrera are all footballing coaches in Belgium.[12]