Italy missed out on back to back World Cup following their shock 1-0 defeat to North Macedonio in a play-off semi played in Palermo.
Roberto Mancini branded the exit as the biggest disappointment of his career but refused to discuss his future as Italy’s manager.
Italian Football Federation president Gabriele Gravina has backed Mancini, who guided the Azzurri to Euro 2020 glory at Wembley just nine months ago, to continue.
“In July, the Wembley victory was the best thing; this is the biggest disappointment of my career,” said Mancini, according to Italian newspaper La Repubblica.
“This national team has good players and a great future. Now I feel too disappointed to speak about my future, we will see.”
World Cup-winning captain Fabio Cannavaro is reported to be the leading candidate to take over, should former Manchester City boss Mancini resign in the wake of the monumental upset.