If I had to choose a squad and formation I'd use something like this:
Buffon
Lichtsteiner - Barzagli - Chiellini - De Ceglie
Elia - Pirlo - Marchisio - Giaccherini
Matri - Quagliarella
Pirlo to drop back deep, Marchisio to do his thang, Elia to use his incredible pace, Giaccherin to use his...