Jonathan Whitehead of beIN SPORTS, said: "We're delighted to welcome Jose Mourinho to beIN SPORTS and having him as part of our exclusive AFC Asian Cup 2019 and English Premier League coverage in MENA will be a special moment for our network".
Jose Mourinho is now without a job after being sacked as Manchester United manager last month.
The fee reflects the slightly-less-than two years Mourinho had remaining on his contract, an improved deal which had been agreed a year ago.
Ex-Manchester United Jose Mourinho has landed a television job for the first time after leaving the Old Trafford dwellers past year.
Mourinho was sacked by Manchester United just before Christmas and Benfica president Luis Filipe Vieira said "money would be no issue" when asked if he could tempt Mourinho back to the club.
Mourinho's first fully-fledged job as a manager was with the Eagles where he took over from former Bayern Munich boss Jupp Heynckes in 2000.
"There has been no contact, but they did get in touch with Jose after (Julen) Lopetegui was dismissed (in late October)", the Mail reports the source as saying.
Reuters Andrea Comas
"I felt that when I returned to Chelsea".
Former Manchester United manager Jose Mourinho has revealed that he never planned taking up any job in Portugal at the moment.
"I think I can safely say today that I have no intention of working in Portugal", Mourinho told Correio da Manha TV.
"When any professional returns to a club it is a tremendous honour".
But the manager was let go by the club due to their struggles in all competitions this campaign as they were sixth on the log before he was sacked.
It will be interesting to hear the Portuguese's opinions on that match, but everyone will be tuning in to find out what he has to say about his final few months at Manchester United.
Benfica coach Rui Vitoria left the club by mutual consent last Thursday.