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On 13 August 2020, shortly after having announced his retirement, Costa was named sporting director at Boavista. He resigned the following 29 January due to conflicts with the fanbase.

The 36-year-old Costa returned to Portugal after one decade in June 2017, signing a two-year deal at top-flight club C.D. Tondela. On 1 July 2019, he returned to Boavista.

Costa returned to Spain and its top division on 1 February 2016, to join Granada CF until June 2017; he vowed to defend his new team "to the death". His first appearance took place six days later, as he played the full 90 minutes in a 1–2 home loss against Real Madrid.

PAOK FC signed Costa in late January 2015, following a successful medical test. In an interview to Portuguese newspaper A Bola a few months after his transfer, he talked about his experience in Asia by stating: "It was a completely different reality, that I couldn't accept. Everything was so non-professional". During his 12-month tenure he appeared in 37 games all competitions comprised, his only goal coming on 27 August 2015 in a 1–1 draw at Brøndby IF in the play-off round of the Europa League.

Costa left Valencia by mutual consent on 21 July 2014, as his contract was due to expire in June 2015. One week later, he agreed to a two-year deal at Al-Sailiya SC. He scored his first and only goal for the Qatari club on 30 October, in a 4–3 home victory over Al-Wakrah Sport Club.

In the ensuing off-season, Costa was selected by manager Unai Emery as one of the team's captains. However, things quickly turned sour for the former: he was replaced at half-time of an eventual 4–3 home win against Racing de Santander, and quickly went from first to fourth choice after unflaterring comments directed against his teammates and management.

On 28 January 2010, although he was being used regularly, Costa joined OSC Lille in France.

Costa scored just 15 seconds after his introduction in a match against Karlsruher SC on 28 September 2008, making it the second-fastest goal ever scored by a substitute. In the summer of 2009, he was about to be transferred to Real Zaragoza, but the deal collapsed after the two parties could not reach an agreement; the move was finally cancelled on 29 July, and the player returned to Wolfsburg.

In July 2007, as first-team opportunities appeared few at Porto, Costa signed with Bundesliga club VfL Wolfsburg on a three-year contract. After a shaky start, he finished the season as an undisputed starter as the side qualified to the UEFA Cup.

A Portugal international since 2005, Costa represented the nation in three World Cups and Euro 2012.

Costa played for Portugal at under-21 level and was also a part of the Olympic team that played in the 2004 Summer Olympics in Athens. A full international since 2005, he was called up to the squad for the 2006 FIFA World Cup, where he appeared against Germany in the 1–3 third-place playoff loss.

On 21 May 2003, Costa came on as an early substitute for injured Costinha during the 2003 UEFA Cup Final in Seville, which ended in a 3–2 win.

Costa, a product of Boavista FC's youth system, was born in Vila Nova de Gaia, Porto District, and moved to neighbours FC Porto when he was still an apprentice. He made his Primeira Liga debut in a 20 January 2002 derby match precisely against Boavista (0–2 away loss, 90 minutes played), but never became more than a fringe player, being preferred in the stopper's pecking order in consecutive seasons to namesake Jorge, Pedro Emanuel, Pepe and Bruno Alves.

Ricardo Miguel Moreira da Costa (Portuguese pronunciation:  [ʁiˈkaɾðu ˈkɔʃtɐ] ; born 16 May 1981) is a Portuguese former professional footballer who played mainly as a central defender but occasionally as a full back.