Although Russo was called on by national team coach Carlos Bilardo to play in the 1986 FIFA World Cup qualifiers, a string of minor injuries prevented him from traveling to the main event in Mexico, which Argentina ultimately won.
Coaching career
His career as a coach included stints at Estudiantes de La Plata and Lanús, and other sides in Argentina, Mexico, Chile, and Spain. In June 2005, he won the 2005 Clausura tournament with Vélez Sarsfield, his first title as a coach in the Argentine top division. On 15 December 2006, he was signed by Boca Juniors to replace Ricardo La Volpe. With Russo at the helm, Boca Juniors took second place in the 2007 Clausura tournament and won the 2007 Copa Libertadores. After Boca, Russo managed San Lorenzo de Almagro between 2008 and 2009. After losing to San Luis and being eliminated form the Copa Libertadores, the coach has announced his decision to resign on 9 April 2009. On 15 April 2009, Russo joined Rosario Central, replacing Reinaldo Merlo and just two months later on 14 July 2009 the coach quit the team. The former midfielder then managed Racing Club between 2010 and 2011. On 21 June 2011, less than a week after resigning as coach of Racing Club, Russo signed a contract to again coach his former club, Estudiantes de La Plata, being his second stint as an Estudiantes coach, having done so in 1994. On 6 November 2011, after Estudiantes was defeated 1-3 by Godoy Cruz and in turn falling to last place with only 10 points in 14 games, Russo resigned as manager, less than 5 months after having assumed charge. He then had a successful stint at Rosario Central, winning the 2012–13 Primera B Nacional and reaching the final of the 2013–14 Copa Argentina. In 2015, Russo agreed to become manager of Vélez Sarsfield, his second spell at the club. On 23 December 2016, he was chosen to train Millonarios F.C. from Bogotá, Colombia after the untimely departure of Diego Cocca. On 17 December 2017, he was crowned Champion of the second half of 2017 with Millonarios F.C., to which he gave them the title number 15 after winning the first leg 1-0, and then drawing 2-2 against Independiente Santa Fe. With this victory, Millonarios F.C. will go directly to the group stage of the Copa Libertadores played among the best club teams in South America. On January 4, 2019, he is officially appointed as the new Alianza Lima coach. However, he decides to terminate his contract for personal reasons and poor results. On June 7, 2019, his transfer to Cerro Porteño was made official. On October 6, 2019, after losing to Deportivo Capiatá, the club decides to do without its services. In January 2020, he started his second cycle with Boca Juniors. 2 months later he obtained a new title winning the 2019-20 Superliga beating the River Plate led by Marcelo Gallardo in the final stretch.