The bad news:
I believe Mancini would jump at the chance to manage Italy. I feel he would leave us for 2 jobs, maybe 3, only. Of those 3 the Juve and Italy jobs are the biggest threats. The other is Sampdoria but not sure he would go there right now.
The good news:
Italy will win the Euros and keep Pirandelli. Actually, even if they lose out they will likely keep Pirandelli due to the progress he has made with them. Only humiliation would see him go I reckon.
In terms of Juve, I'm not sure he'd go there just now given the new match fixing allegations rocking Italy.
Need to tie him down with a 5 year deal right now, imho.