It was heartbreak in Wembley for the English supporters as Italy defeated the Three Lions on penalty kicks after 120 minutes of action.
Both teams settled for a 1-1 draw after extra time, and the game was forced into penalty shootout.
The Azzurris ended up as European champions after Marcus Rashford, Jadon Sancho and Bukayo Saka failed to convert from the spot.
Harry Maguire and Harry Kane had scored the first two kicks for the Three Lions, but Rashford missed the third kick after trying to stutter before playing his penalty, only for the ball to hit the post.
Rashford was the first England player to miss his penalty as he sent Gianluigi Donnarumma the wrong way but the Manchester United forward’s effort struck the post.
England legend Alan Shearer has chosen not to blame Rashford for his miss as he revealed that playing a penalty in that kind of high pressure game is never easy. According to Shearer, the only mistake Rashford made was dragging the ball too wide.
Speaking about Rashford’s penalty, former England striker Alan Shearer said: “You can see his [Rashford’s] eyes are not on the ball at all, he’s watching the goalkeeper. He sees that [Donnarumma goes the other way] and he just scuffs it too much, he pulls it too much unfortunately.
“You can never, ever criticise anyone for being brave enough to step forward in that desperate, horrible situation, because that’s what it is.
“For the youngsters to say, ‘yes I’ll go on and take a penalty’, you’ve got to give them credit for that.
“But it’s going to be a difficult time for them because mentally it will be tough from now on. But they’ve got time on their side and they’ll get over it.”