Alessandro Nesta believes that Serie A has fallen behind the Premier League, the Bundesliga and La Liga.
The former Milan defender has claimed that the Italian top-flight cannot compete financially with other European Leagues.
But the veteran centre-back has admitted that Juventus’ signing of Carlos Tevez is a step in the right direction.
"There's no money in Italy at the moment and the best players go to play in other leagues - Spain, England, Germany. Italy's going down," he told the BBC.
"It's a very good signing. A player like Tevez, I didn't think would play in Serie A now. Juventus did a good job," he said.
Nesta then went on to comment on Carlo Ancelotti’s appointment at Real Madrid.
"He is the best Coach for Madrid. Madrid is a difficult place to coach. There's a lot of pressure and Ancelotti is very good when he's under pressure.
"[At Milan, Silvio] Berlusconi and [Adriano] Galliani, all the time, wanted the best for the team.
“The pressure was very, very hard but Carlo Ancelotti had a smile on his face everyday. He was perfect."