Background: One of the challenges of the post-genomic era is to provide accurate function annotations for orphan and unannotated protein sequences. With the recent availability of huge PPI networks for many model species, the computational methods revealed a great requirement to elucidate protein function based on many strategies. In this respect, most computational approaches integrate diverse kinds of functional interactions to unveil protein functions by transferring annotations across different species by relying on a similar sequence, structure 2D/3D, amino acid patterns of phylogenetic profiles. Results: In this work, we introduce a new approach, called TANA, for inferring protein functions. The main originality of the introduced approach stands on the function prediction for the unannotated protein by transferring annotation via a network alignment as well as from the direct interaction neighborhood within their PPI networks. In doing so, we are able to discover the functions of proteins that could not be easily described by sequence homology. We assess the performance of our approach using the standard metrics established by the CAFA challenge and highlight a sharp significant improvement over other competitive methods, in particular for predicting molecular functions and cellular components. Conclusions: This research is one of the first attempts that combine sequence and networks-multiple-alignment-based function prediction approaches. We have been able to assess the accuracy of the prediction using pairwise and multiple alignment of the PPI networks for the compared species. Therefore, we recommend using different strategies (i.e. pairwise, multiple, with/without neighborhood networks) especially in situations where the functions of the protein are not known beforehand