Italy coach Roberto Donadoni faces an uncertain future after they lost their Euro 2008 quarter-final in a penalty shoot-out against Spain.
He signed a two-year contract extension before the tournament - but it contains a 10-day get-out clause on both sides.
The President of the Italian Football Federation (FIGC) Giancarlo Abete said: "Over the next few days we will reflect and make a decision about this.
"It doesn't make any sense to make a decision in the heat of the moment.
"In the next few days we will discuss what will happen. We'll retrace our steps," he added.
Spain won 4-2 on penalties after a goalless draw and Donadoni was quizzed about his future, with 2006 World Cup-winning coach Marcello Lippi tipped to return.
"It's not up to me. I live day by day and what I experienced at this tournament was positive. Everything we did was for the good of the team," Donadoni said.
"We did everything we were capable of, but everyone is free to judge for themselves. I was satisfied with our run.
"I think the players should leave here with their heads held high. They gave everything they had. we've simply got to live with this. Tomorrow is the start of a new era.
"When one loses on penalties, it is obviously very disappointing. We were shattered and tired."
"I had to study very carefully throughout the match as to who to change and who to bring on," Donadoni added.