The four-year reign of Italy coach Cesare Prandelli ended on Monday when he and Italian FA (FIGC) president Giancarlo Abete tendered their resignations at a meeting in Rome.
As the dust settles after Italy's elimination at the World Cup group stage, FIGC officials will now turn their attention to the future, although no key decisions will be taken before August.
What happens next for the Italy team is likely to become clearer once the federal assembly meets on Aug. 11.
According to La Gazzetta dello Sport, former AC Milan defender Paolo Maldini is emerging as a candidate along with names already in the frame such as Roberto Mancini and Massimiliano Allegri.
Maldini or Antonio Cabrini, the current coach of Italy's women's team, could be appointed as an assistant to a more experienced boss such as former Udinese coach Francesco Guidolin or Alberto Zaccheroni, who has left his post with Japan following their disappointing World Cup.
However, Chelsea manager Jose Mourinho feels Italy are making a mistake by accepting Prandelli's resignation.
"To be honest, I think they've got to carry on with the same coach," he told Yahoo! Eurosport.
"Italian football's not going through the best of times, but I think Prandelli's done very well, starting to reconstruct a squad. He did well at Euro 2012.
"I think it's best to keep the coach because he's done a good job, changing the philosophy and style of play."
As far as a replacement for Abete is concerned, current Italian Amateur Football Association president Carlo Tavecchio is currently the only candidate.
The FIGC will be aiming to make changes before Italy's next fixture against Norway in Oslo on Sept. 9, their first qualifying match for Euro 2016.