In 1992–93, the Serie A title was retained by Milan, who finished four points ahead of Internazionale. Third placed Parma enjoyed European glory in the European Cup Winners Cup, while unfancied Cagliari crept into the UEFA Cup qualification places at the expense of the 1991 champions and 1992 European Cup finalists Sampdoria. Roma and Napoli finished mid table after disappointing campaigns, while Brescia, Fiorentina, Ancona and Pescara were all relegated.
S.S. Lazio finished in fourth in Serie A.
S.S. Lazio finished in fifth in Serie A and reached the quarter-final in the Coppa Italia. Prior to the season had Lazio with new Chairman Sergio Cragnotti made three important signings, with Paul Gascoigne, Giuseppe Signori and Aron Winter all joining the club.
S.S.C. Napoli once again struggled to reach the levels it had achieved previously, but still finished sixth in Serie A, which ended up with coach Marcello Lippi joining Juventus. Financial woes caused Napoli to sell its two prominent foreign players, Jonas Thern and Daniel Fonseca to Roma following the season's end.Skipper Ciro Ferrara also left, in his case for Juventus.
Unione Calcio Sampdoria bounced back from a disappointing season the year before, and scored the most goals of all teams on its way to third in Serie A. It also won Coppa Italia following a furious second-half offensive against Ancona, winning both the match and on aggregate with a commanding 6–1.
Parma Associazione Calcio once again troubled the top teams in both Italy and Europe, but had to settle for just the curtain-raising UEFA Super Cup as silverware in its ambitious ascent towards the top of Italian football. It almost repeated the victory in the 1992–93 UEFA Cup Winners' Cup by reaching another final, but lost out to Arsenal.
Associazione Calcio Milan won two trophies in the 1992–93 season, which was crowned when it reached the European Cup final and won the domestic league for the second year running.
Parma Associazione Calcio played its third consecutive season in Serie A, and had arguably its best ever season, even when considering its glorious years in the late 1990s. It finished third in the domestic league competition and won the UEFA Cup Winners' Cup following a 3–1 final victory against Royal Antwerp.
Juventus Football Club did not manage to win the domestic championship for the seventh year in succession, but the legacy of the season was saved when it beat Borussia Dortmund by 3–1 away from home, then 3–0 in Turin, to clinch the 1992–93 edition of the UEFA Cup.
SSC Napoli got extremely close to a shock relegation to Serie B, and only held on to its top-flight status by two points. This was just three years since the club led by playmaker and legend Diego Maradona won the domestic league title. It actually spent Christmas of 1992 in the relegation zone, and climbed out of it thanks to a strong January '93 run. The reason Napoli survived was the above-average offensive skills. Gianfranco Zola, Daniel Fonseca and Careca was a trio capable of leading any teams' attack, and the club looked set to suffer when Zola (Parma) and Careca (Japan) departed at the end of the season. Fonseca's season is mostly remembered for an extremely unusual five goals in one match, as Napoli beat Valencia 5-1 away from home in the UEFA Cup. Then it lost to Paris SG in the next round, rendering it was out of Europe.
Associazione Sportiva Roma lost its position as the dominant team in Rome, due to a mediocre season. New manager Vujadin Boškov had led Sampdoria to a domestic league title and European Cup final, but his only season in the capital was hampered by too many draws and struggles to be able to outplay the opposition. The result was a tenth place, just three points clear of the drop zone, and Boškov left his job following the end of the season, when Roma also lost the Coppa Italia final to Torino.
U.C. Sampdoria continued its decline and finished in seventh position in Serie A, once again missing out on international competitions. New coach Sven-Göran Eriksson came to a squad that had lost its main striker Gianluca Vialli, but despite his absence Sampdoria scored 50 goals in 34 matches, but the defence leaked in an uncharacteristic manner for Eriksson's teams.
During 1994-95 season Football Club Internazionale Milano competed in Serie A, Coppa Italia and UEFA Cup.
Associazione Calcio Fiorentina returned to Serie A, following the 1993 relegation, and immediately established itself as a mid-table side once again. Portuguese playmaker Rui Costa and Brazilian World Champion defender Márcio Santos were the two main signings in the summer, and both of them were key players for the team. Rui Costa also established the special partnership with star striker Gabriel Batistuta that was going to be the key ingredient for the coming five years in Fiorentina's ascent towards the top of Italian football. Batistuta became league topscorer with 26 goals, many of them provided by Rui Costa's passes.
Associazione Calcio Fiorentina had a poor season, finishing 16th in Serie A and being relegated to Serie B as a result. The highlight of the season was a crushing 7–3 defeat suffered at home to eventual champions Milan. The season would also see four different managers at the helm.
