It will be the fifth edition in a row that the two heavyweights have met head to head at a European Championship.
Italy forward Graziano Pelle has been kicked out of the national squad over his angry reaction to being substituted against Spain when he refused a handshake from coach Giampiero Ventura.
Italy were clinical in their approach as they beat Belgium 2-0 in their Euro 2016 Group E encounter on Monday.
Holders Spain were knocked out of Euro 2016 in a 2-0 defeat by Italy on Monday after goals by Giorgio Chiellini and Graziano Pelle set up a quarter-final with world champions Germany. Chiellini opened the scoring after 33 minutes while Pelle wrapped up the victory in stoppage time to end Spain's reign as European champions which covered the 2008 and 2012 tournaments.
Forget Italy's image of Catenaccio (or "door chain defence"). Antonio Conte's Italy showed in a 2-0 defeat of Spain at Euro 2016 on Monday that they can do unchained attacking football too. The Azzurri, who will take on world champions Germany in a fascinating quarter-final on Saturday, had promised they would not be afraid to go forward against Spain.
Chelsea's early season slump turned into a full-blown crisis on Saturday when they were beaten 3-1 by Southampton while Manchester City went top of the Premier League with Sergio Aguero scoring five in a 6-1 win over Newcastle United.
Images from the EPL match played between Manchester United and Southampton on Monday.
Manchester United striker Wayne Rooney would be a "great signing" for Major League Soccer, Portland Timbers owner Merritt Paulson said, adding that the 30-year-old still has plenty to offer.
Southampton's barnstorming start to the Premier League season has been reflected in a trio of nominations for early-season awards. Dutchman Ronald Koeman has been nominated for the Premier League Manager of the Month award.
Swansea City came from behind to end Manchester United's unbeaten start to the Premier League season with an impressive 2-1 victory at the Liberty Stadium on Sunday.
West Ham United capitalised on two mistakes from Arsenal's new goalkeeper Petr Cech to claim a surprise 2-0 victory at the Emirates and bring the Gunners' early Premier League optimism down to earth with a bump on Sunday.
Italy manager Antonio Conte named his provisional squad for the European Championship on Monday, and his selection was notable as much for the player he left off as for those he chose.
Manchester United teenager Marcus Rashford wrote another chapter in his fairytale introduction to top-flight football, scoring a brilliant goal to secure a 1-0 win in his first derby match against Manchester City on Sunday.
Chelsea maintained their iron grip on top spot with a 2-1 win at Crystal Palace while Southampton recorded one of the biggest victories in Premier League history when they crushed a woeful Sunderland side 8-0 at St Mary'son Saturday.
Midfielder Riccardo Montolivo missed out on his second straight major tournament due to injury on Tuesday while Daniele De Rossi was included in Italy's 23-man squad for next month's European Championship in France.
Italy's Daniele De Rossi scored a late penalty to earn a 1-1 draw against Spain in their World Cup qualifier on Thursday, sparing home goalkeeper Gianluigi Buffon's blushes after he gifted the visitors the lead. Buffon, making his 164th appearance, rushed out of his area as Vitolo broke clear but the 38-year-old completely mistimed his tackle, allowing the Spaniard to go round him and put the ball into an empty net in the 55th minute. Italy, who had been outplayed in the Group G clash, fought back and levelled in the 82nd when Eder was fouled by Sergio Ramos and De Rossi converted the spot kick, their only shot on target in the match.
German players have no interest in thinking about past losing battles against Italy as they prepare to face them in the Euro 2016 quarter-finals on Saturday, with midfielder Toni Kroos sounding confident they will finally emerge victorious. The Germans have lost all knockout tournament matches against Italy stretching back to 1970 but playmaker Kroos was in no mood to discuss them.
Italy's victory over Belgium was celebrated as a triumph of the team over individual talents, but Friday's opponents Sweden are relying on the singular genius of frontman Zlatan Ibrahimovic to get their Euro 2016 campaign off the ground.
Tottenham Hotspur stormed back from 2-0 down to beat Burnley 4-2 in their FA Cup third-round replay on Wednesday despite resting their top striker in the once-fabled competition.
French teenager Anthony Martial, having scored as a substitute on his Premier League debut in Manchester United's last game, added two more goals to earn his team a 3-2 win at Southampton on Sunday.
Germany's players hailed their first victory against Italy in a major tournament as an exceptional moment in their history as they reached the Euro 2016 semi-finals by beating their old rivals 6-5 on penalties.
Like an ailing heavyweight, Spain and their hopes of a third straight European title ended in a tame surrender as their 2-0 defeat by Italy represented the definitive end to a golden era in their footballing history. A first-half effort from defender Giorgio Chiellini and a stoppage-time goal by striker Graziano Pelle sent the Azzurri into the quarter-finals at Euro 2016 and left Spain to mull over a second successive failure on the international stage.
Wales continued their unbeaten start to the Euro 2016 campaign as a nervy 2-1 triumph over Cyprus, after they had been reduced to 10 men, bolstered the nation's dream of qualifying for a major championship finals for only the second time.
If, as former British Prime Minister Harold Wilson once said, a week is a long time in politics, four and a half months in football clearly represents an eternity.
Liverpool, level on points with Manchester United, can add to the pressure if they take three points at West Ham United in Saturday's lunchtime kickoff.
Spain fullback Mario Gaspar scored with a stunning volley and midfielder Santi Cazorla added a late goal as the European champions handed England a chastening 2-0 defeat in a friendly between the continental heavyweights on Friday.
A superbly-executed strategy by coach Antonio Conte helped Italy to a deserved 2-0 win over Belgium in their Euro 2016 opener with outstanding goals by Emanuele Giaccherini and Graziano Pelle on Monday.
Manchester City suffered a shock League Cup defeat at the hands of a reinvigorated Newcastle United, who reached the quarter-finals with a superb 2-0 away win on Wednesday that left the holders nursing the wounds of a bruising past eight days.
Malta make Italy sweat, while Bale takes Wales closer to competition
Arsenal's improbable late run at the Premier League title gained momentum with a 1-0 victory at struggling Burnley on Saturday, an eighth straight triumph that moved them within four points of leaders Chelsea.
Substitute Dusan Tadic fired the only goal as Southampton recorded a first league win over Manchester United for 27 years on Sunday, climbing above them into third in the Premier League.
First win for Liverpool manager Klopp, City thrash Palace 5-1
Spain started their World Cup qualifying campaign with a crushing 8-0 win over Liechtenstein, laying down a marker in Group G with a ruthless second-half display on Monday.
Chelsea's Diego Costa continued his stunning start to life in the Premier League with a hat-trick in a 4-2 comeback win over Swansea City on Saturday that left champions Manchester City staring up the table after a 2-2 draw at Arsenal.
Andy Carroll scored a eight-minute hat-trick as West Ham United's last London derby at Upton Park ended in a barnstorming 3-3 draw with Arsenal on Saturday -- a result that dented both club's respective ambitions.
The Netherlands failed to reach the European Championship for the first time since 1984 as they lost 3-2 at home to the 10-man Czech Republic in their final qualifier on Tuesday to miss out on Euro 2016.
An inexperienced Germany suffered an embarrassing 3-1 defeat to Slovakia in a storm-affected friendly ahead of Euro 2016.
The policy of buying players cheap and selling them for a higher price a few years on is a business model that worked well for clubs like Atletico Madrid and FC Porto. With the transfer window open for the next few weeks, Rediff.com takes a look at clubs that made smart deals over the years.
Carlos Tevez is getting paid 615,000 a week at Shanghai Shenhua, making him the world's best-paid player. His salary is now more than Cristiano Ronaldo's and Lionel Messi's!
Belgium make Wales wait after Hazard's strike, while Czechs beat Latvia to qualify