It is the first time since 1958 that Italy have not managed to reach the tournament, with Ventura paying the ultimate price when he was sacked this week.
Roberto Mancini insists he's happy in Russian Federation as boss of Zenit St. Petersburg and has ruled himself out of the race to replace Gian Piero Ventura as Italy head coach.
Mr Ventura had reportedly refused to resign despite Italy's 1-0 loss, but the 69-year-old's decision to stay on was strongly opposed by the FIGC.
With the firing of disgraced Italian national team manager Giampiero Ventura, rumors of who will replace him have spread with earnest.
Friday's First Warning Forecast: Sunny and cooler today, Warmer again tomorrow
We have mostly cloudy skies with showers possible during the afternoon and a steadier rain arriving late at night. Morning lows will be in the low-30s for Monday , though highs will hit that 60 degree mark area wide.
"My feeling is the same as any Italian person".
Mancini, whose Zenit are second in the Russian Premier League and three points adrift of Lokomotiv Moscow after 16 games, added: 'Like many of my fellow countrymen, I dreamed of seeing Italy at the World Cup in Russia. "First of all, I am very sad". Italy is going for the election next May and a positive football result could have lifted the mood of the nation. There are a lot of rumours, but I think for the federation it's right to take time to find the best solution. In this case, I think it is my failure, your failure [in the media], the failure of Italy. Speculation continues to boil that Ancelotti, lately seen visiting Stamford Bridge after his departure from Bayern Munich, is also being earmarked to succeed Conte, who has been publicly annoyed by such talk.
"When asked if he would be interested in the Italy post, he told reporters: "[For now] I am very focused on doing my best for Chelsea, and my only focus now is to try to create a good structure at Chelsea.