The Azzurri finished fourth in the tournament last season after winning two of their five games, but they flopped at the World Cup with a group stage exit.
For Sweden, who only needed a draw to advance, it was the first group stage exit at a major tournament since Euro 2000, but coach Lars Lagerback was gracious in defeat.
Their introduction this season will always be remembered for Tevez's clash with Mancini in Munich, which precipitated a group-stage exit from Europe's premier club tournament.