Cesare Prandelli’s Italian national side have fallen outside the Top 10 of the FIFA World Rankings.
The Azzurri have slipped down three places and are now considered as the 12th best side in the international game.
Spain remain first, but are now chased by Germany and Uruguay – their third place is their highest ever position.
Holland have fallen two places to fourth, while Brazil and Argentina have also lost ground from the previous month’s table.
Top 12: Spain, Germany, Uruguay, Holland, Portugal, Brazil, England, Croatia, Denmark, Argentina, Russia, Italy.
Betting on Serie A? Bet365 are offering a 100% deposit bonus, up to £200 - find out more