However, CAS on Monday said the 59-year-old had been handed a 'stay of execution' pending the outcome of his appeal to the Lausanne-based organisation against the ban and a 20,000 Swiss francs fine handed out for several acts of unsporting behaviour to match officials.
"Having considered the parties' submissions, the President of the CAS Appeals Arbitration Division has today issued an Order granting Mr Santos' request," a CAS statement said.
"Accordingly, Mr Santos is able to perform his coaching duties until the CAS arbitration concludes."
CAS said it would be in position to issue a final decision on the case by the end of November.
Santos's first priority will be getting Portugal's Euro 2016 qualifying campaign up and running with a result in Denmark.
Portugal were beaten 1-0 at home by Albania in their opening match in, a result that triggered the axe for Bento. They host Armenia on Nov.14 in Group I.
(Writing by Martyn Herman, editing by Sam Holden)
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