Cesare Prandelli claims Italy allowed themselves '10 minutes' of celebration after edging past England, but are now fully focused on a semi-final showdown with Germany.
The Azzurri saw off the Three Lions in a dramatic penalty shoot-out on Sunday, booking their place in the last four of a European Championship for the first time since 2000.
Prandelli's men impressed against England, dominating 120 minutes of goalless action before holding their nerve from 12 yards.
They are, however, aware that there are no prizes for reaching the semi-finals and that Germany, who boast a 100 per cent record in the competition so far, will provide a formidable challenge.
Prandelli said: "We have only celebrated for 10 minutes. We have turned the page and our focus is already on Germany.
"The Germans, alongside Spain, are the favourites to win the European Championship.
"I'm not the first to discover how good they are, they are playing very well."
Veteran keeper Gianluigi Buffon is also looking to the future, rather than dwelling on the past, with the 2006 World Cup winner aware that Italy cannot get carried away by their run to the last four.
He said: "We cannot forget that we have only overcome the quarter-final stage. I cannot start jumping for joy after taking a spot in the semi-finals.
"I will only do that when we win something as a team.
"Those of us that have won something important want to repeat that and achieve it also for those that haven't won a trophy yet."
Buffon added: "They (Germany) are probably favourites, but we have the character to face anyone.
"No-one goes into a game wanting to finish second."