Iceland v Italy, 29 May 1988
| Score | 3-0 to Italy |
| Referee | Cooper Cooper |
| Competition | Olympics Europe group B |
| Venue | Laugardalsvöllur, Reykjavík |
| Attendance | 2,537 |
View Iceland v Italy head to head
Goals:
Goals:
| Francesco Romano |
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| Antonio Pietro Paolo Virdis |
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| Andrea Carnevale |
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Starting lineup:
Goalkeeper
Fridrik Fridriksson
Defender
Ágúst Már Jónsson
Midfielder
Pétur Arnthorsson
Midfielder
Toddy Örlygsson
Midfielder
Olafur Thordarson
Midfielder
Gudmundur Torfason
Midfielder
Valur Valsson
Forward
Halldór Askelsson
Starting lineup:
Goalkeeper
Stefano Tacconi
Defender
Sergio Brio
Defender
Roberto Cravero
Defender
Mauro Tassotti
(captain)
Defender/Midfielder
Luigi De Agostini
Midfielder
Carlo Ancelotti
Midfielder
Massimo Mauro
Midfielder
Francesco Romano
Forward
Andrea Carnevale
Substitutions:
| Kristinn Rúnar Jónsson for Gudmundur Steinsson | 75 |
Substitutions:
| Stefano Desideri for Carlo Ancelotti | 81 |
On the bench:
Midfielder
Kristinn Rúnar Jónsson