Prandelli's men surpassed everyone's expectations to make it to the final after a pre-tournament domestic match-fixing scandal and poor form in warm-up fixtures caused widespread pessimism.

However, the 54-year-old managed to bring the team together and lead an unlikely charge to the final, which saw Italy beat England and Germany.

Recent reports suggested the former Fiorentina boss may leave his post as national coach, with the Italian apparently missing the day-to-day involvement at club-level.

But Prandelli said he will not abandon what he has started with his country, with talks with Italian Football Federation president Giancarlo Abete set to commence this week.

"The project continues," Prandelli told reporters. "I did have moments when I had certain thoughts, but the feeling with the federation has always been really good."

The former Juventus player, who took over from Marcello Lippi in 2010 after a disappointing World Cup campaign, indicated the final loss has motivated him to try and further develop the national team.

"Of course in my choice, this defeat is also a factor, the impossibility of leaving like this," Prandelli said.

"This is a fascinating project, difficult but fascinating."

"I believe I'm able to do my job and I've proved it in the last two or three weeks, but if I have to train a team only three times in eight months, then it becomes difficult and I don't know if I can do it.

"I believe we have to change. We have faced a team, which has been working in a certain way for many years and has managed to achieve an extraordinary continuity.

"My only regret is not to have had the chance to face this team with two more days of break, since we would have played in a different way. But this is my only tiny regret. We should recognise the great superiority of Spain."