Inter jumped to a 2-0 lead before collapsing after half-time to lose 3-2 in Riyadh on Monday evening.
A delighted Conceicao said afterwards: “I am very happy for the players, because it was not easy. The atmosphere wasn't the best when I arrived, there wasn't much time to work on the details before these two games and we were playing against two top level teams.
“The players were magical, they absorbed everything we discussed and there are clearly things we need to improve, but they are aware of that. I feel that with humility we can have some great months together in the Champions League and Serie A and take Milan to where it deserves to be.
“Now we are happy, we are celebrating and from tomorrow we will concentrate on Cagliari.”
He also said: “There were a few things we had to adjust, both in defending and attacking, but it was a tough blow to concede on a throw-in and then let another goal in straight after the restart when you couldn't read the long ball.
“However, this means that the team has character, as it managed to turn games around twice and beat big sides. A coach has to make adjustments during the course of a match, that's what they pay me for.”
Conceicao also said of Rafael Leao: “Leao is phenomenal. I've known him for a long time, he's Portuguese like me, but he's more relaxed Portuguese and I'm more tense.
“He has to learn a few things and then I believe he can become the best player in the world. I also told him this, he has so much individual quality and if he puts it at the service of the team, he can become even better.
“I have no doubt, he can be the best in the world next season if he learns those things.”
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