Ipswich boss Mick McCarthy has offered a short-term contract to former West Ham midfielder Jack Collison.
Chairman Fawaz Al Hasawi has vowed to strengthen Nottingham Forest year on year, with loan arrivals possible.
The Blanquillos finished rock bottom of the Primera Division - albeit just three points adrift of 17th-placed Celta de Vigo - with previous boss Manolo Jimenez paying the price for the setback earlier this week.
Zaragoza have turned to former Liverpool assistant Herrera, who has managed a host of Segunda Division sides in the past, to guide them back into into the top flight.
The 59-year-old has signed a two-year deal.