New Italy coach Cesare Prandelli has said he expects the Azzurri to quickly bounce back from its World Cup failure.

Prandelli, who has replaced Marcello Lippi as coach, signed a four-year contract on Thursday and was presented at Rome's Olympic Stadium.

Defending champion Italy exited the World Cup in South Africa after failing to get out of a group that included Paraguay, New Zealand and Slovakia.

"There is a lot of quality, a lot of experience and a lot of good things to build on," Prandelli said. "What happened, happened. We need to keep hold of the good things and put good systems in place.

"Of course we want a good team and we have good players for this," he said. "I want to get the team playing well and put long term plans in place."

Prandelli's first match in charge will be against Ivory Coast on Aug. 10, at Fulham's Craven Cottage in London. Italy then begins its qualification for the 2012 European Championships away to Estonia on Sept. 3.

Italy will be without Fabio Cannavaro and Gennaro Gattuso, both who announced their retirements after Italy's World Cup exit.

There are also concerns that goalkeeper Gianluigi Buffon will not have recovered from a back injury in time, despite Prandelli hoping to name him as captain.

"Of course for the first game we will only have a few days preparation and we will have to see who is available," he said.

"I would like to give Gianluigi Buffon the captain's armband. I hope he will be a point of reference for the team and carry on to the European Championships."

The former Parma and Fiorentina coach refused to be drawn on which players he will call up for the match.

Lippi was criticized toward the end of his tenure for ignoring the in form Antonio Cassano and the pace of Mario Balotelli as he was afraid it would upset the harmony of the squad.

"Balotelli and Cassano are excellent players and they wouldn't have any problem playing together," Prandelli said. "Those called up will merit it, but I want them to act with respect for their role in the team.

"I the last few years Cassano has grown up and calmed down," he said. "Getting married will help even more."

In the fall out from Italy's exit a lot of questions have been raised over the quality of young Italian players coming through.

Nine of Lippi's squad in South Africa were over-30, but Prandelli says he expects new faces to start coming through soon.

"The youth systems are the future of Italian football," Prandelli said. "In terms of learning the game, improving technique and learning skills.

"The clubs have invested heavily in these systems and I am convinced that we will see a lot of young players coming through in the next few months."