After 2000
Back in Cyprus in 2002, he coached Anorthosis Famagusta and AEL Limassol, and in 2003, AEL qualified to the Cypriot Cup final after 14 years, and was beaten on penalties by Anorthosis 5–3 after a draw 0–0.
After working in Xanthi for two years, he gave up by coaching the team on 26 September 2006, after the bad results of the team. He returned to Cyprus in January 2007, this time for AC Omonia, replacing their previous coach Ioan Andone without success. He was fired after his team was beaten in the Cypriot Cup Final by Anorthosis Famagusta.
On 14 December 2007 he was appointed manager of Veria, and his spell there was followed by good results. The team escaped the relegation zone, but on 11 March 2008 he was sacked after a home loss to his former club Olympiacos 0–1. Rumours suggested that Matzourakis will become the manager of Olympiacos for the second time after he left Veria, because Olympiacos' coach Takis Lemonis was also sacked after that match. Although, Jose Segura succeeded Lemonis at Olympiacos, and Veria was relegated after Matzourakis left.
After that season, Matzourakis returned to Xanthi, but he was sacked before the start of the 2008–09 season. On 20 November 2008 he became the coach of OFI Crete but he couldn't prevent the team from relegation and was sacked after the end of the season. On 22 September 2009 he once again returned to Xanthi, although the team's results were disappointing and he was sacked on 23 February 2010.
In March 2011 he signed as the head coach of Kavala's local team, Kavala FC. His debut wasn't good, because his team lost 0-1 from Olympiakos Volou. In April he was quit from the Macedonian Team and his last match with Kavala, was Kavala versus Atromitos.
In 5 March 2012 he signed as the head coach of AEL Kallonis, AELK FC. For the first time in his career he will be coaching for a team of the Football League.
Read more about this topic: Ioannis Matzourakis