Italy have a genuinely world class midfield now. Jorginho, Barella, Verratti, Sensi, Zaniolo and Tonali (with Castrovilli waiting in the wings) is an insane amount of talent for Mancini to choose from. Compared to the Parolo - Sturaro - Giaccherini midfield Conte started against Germany at euro 2016 its quite an upgrade
Also the defence is rock solid too. It’s just at #9 where the biggest problems are. Immobile sucks at international level and whilst I really like Belotti, he isn’t anywhere near a world class #9 like Kane, Lewandowski, Mbappe (if played there)