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The optimism which followed Mancini’s appointment as Italy coach in May quickly drained away following their 1-0 loss to Portugal.
Mancini led Manchester City to their first English league title in 44 years in 2012, and won three Serie A titles with Inter Milan.
The defeat means third-placed Roma are sure to finish in the top four and return to the Champions League after losing in the semi-finals to Liverpool this month.
It was the 13th Cup win for Juventus, who are also poised to become the first Italian team to complete the double for four years in a row.
The Italy international and Fiorentina captain was found dead in his hotel room in the north-eastern city of Udine on March 4 ahead of a Serie A match against Udinese.
Juventus now need just one point to officially retain their crown with games to come against Roma in the Stadio Olimpico and already-relegated Verona in Turin.
Ancelotti, who has also managed Chelsea, Real Madrid, AC Milan, Juventus, Roma and Paris Saint-Germain, has three Champions League titles to his name as a coach.
Napoli believe they can throw open the championship again by garnering maximum points against Udinese and Juventus as they target a third title after 1987 and 1990.
Italy will pay homage to the late defender Davide Astori with an inscription on the national team's shirt during Friday's friendly against Argentina.
Banker Gaetano Micciche was elected Serie A president on Monday, filling a position that had been vacant for a year.
Former Italy midfielder Di Biagio, 46, who played for Roma, Inter Milan and Lazio during his career, is seen as an outsider among a star line-up of names being linked with the job.
The Italian Olympic Committee (CONI), which oversees all sports in Italy, named its secretary general as emergency leader.
The Azzurri have been without a coach since Giampiero Ventura was sacked after the four-time champions failed to qualify for the World Cup finals last November.
Italy have been without a coach since Giampiero Ventura was sacked after the four-time champions failed to qualify for the World Cup finals last November.
Bosnian international Pjanic stressed the importance of Juventus' 1-0 win away against Cagliari within the context of the league campaign.