Italy have finished fourth at the Under-20 World Cup after a 1-0 defeat to Ecuador on Friday.
Italy lost 1-0 to Ukraine in the semi-finals, setting up a third-place playoff with Ecuador, who in term were beaten by South Korea.
With little to write home about after 90 minutes, the game went into extra time and substitute Marco Olivieri blew his lines from the penalty spot.
That was followed by Richard Mina coming off the bench to score an 104th-minute winner for the Tricolor.
Italy 0-1 Ecuador
Mina 104
Italy: Carnesecchi; Gabbia, Bettella, Ranieri; Candela, Alberico, Del Prato, Esposito (Colpani 62), Tripaldelli; (Pellegrini 82) Capone; Gori (Olivieri 62)
Ecuador: Ramirez; Espinoza (Mina 61), Porozo, Vallecilla, Palacios; Cifuentes, Alciva (Alcivar 112); Plata, Rezabala (Quintero 83), Alvarado (Castillo 119); Campana
Referee: Gil Manzano (ESP)
