Gianluigi Buffon, Andrea Pirlo and Mario Balotelli were all named in the running for the individual accolade, and the Azzurri boss has reacted with delight to their inclusion.
Gianluigi Buffon and Andrea Pirlo were nominated in the 23-man list for the annual FIFA award following their exploits in helping Juventus lift the Serie A title last season, and Mario Balotelli, whose 13 Premier League goals helped fire Manchester City towards becoming English champions, was included on the shortlist as well.
The trio has also been recognized for its role in the Azzurri's run to the final of Euro 2012, and the national team boss congratulated his squad members for both their inclusion in the preliminary selection and the boost it has given football in the country.
"It is great news for the whole of Italian football," Prandelli told reporters. "It is recognition that gives us great optimism for the future. It is brilliant to have three candidates for the Ballon d'Or."