When: Tuesday June 26, 20:00 BST
How to watch: BBC
Italy come into the round of 16 with a perfect record of three wins out of three without even conceding a goal.
The Azzurri will start as strong favourites against Austria who, despite winning two of their three group matches, did not do an awful lot to impress.
Euro 2020 form
Italy went a little under the radar when it came to pre-tournament favourites, although they have certainly got everyone's attention now.
It is not just their results that have stood out, but their performances too with Roberto Mancini moulding his talented squad into a vibrant attacking unit whilst still maintaining the traditional Italian steel in defence.
Oddly, Austria have perhaps been one of the most unconvincing teams in the group stage of the competition even though they eased through.
Italy failed to make it to the World Cup three years ago, and at that time they looked like a football nation in a crisis for which there were no easy fixes.
However, they have seriously caught the eye in Euro 2020, mainly due to the quite un-Italian way they have been going about things.
Traditionally Italy get to tournaments and shut-up-shop and basically try to bore the opposition into submission.
That has been far from the case this time, though, with their attacking talents given licence to shine.
Goalkeepers: Gianluigi Donnarumma, Alex Meret, Salvatore Sirigu
Defenders: Francesco Acerbi, Alessandro Bastoni, Leonardo Bonucci, Giorgio Chiellini, Giovanni Di Lorenzo, Emerson, Alessandro Florenzi, Leonardo Spinazzola, Rafael Toloi
Midfielders: Nicolo Barella, Bryan Cristante, Jorginho, Manuel Locatelli, Lorenzo Pellegrini, Stefano Sensi, Marco Verratti
Forwards: Andrea Belotti, Domenico Berardi, Federico Bernardeschi, Federico Chiesa, Ciro Immobile, Lorenzo Insigne, Giacomo Raspadori
Austria relying on Alaba
Austria's biggest strength can also be their biggest weakness: They have one world class player and don't know what they want to do with him.
So far David Alaba has played about four different positions in three matches, which suggests the manager doesn't really have much of a plan for his side to assert themselves on the opposition.
When your plan is to move your star man around the pitch reactively, it's pretty clear that you are not doing anything proactive to win the match.
Where Alaba plays on Saturday is unknown, but wherever he is deployed they are going to need him at his very best.
Goalkeepers: Daniel Bachmann, Pavao Pervan, Alexander Schlager
Defenders: David Alaba, Aleksandar Dragovic, Marco Friedl, Martin Hinteregger, Stefan Lainer, Philipp Lienhart, Stefan Posch, Christopher Trimmel, Andreas Ulmer
Midfielders: Julian Baumgartlinger, Christoph Baumgartner, Florian Grillitsch, Stefan Ilsanker, Konrad Laimer, Valentino Lazaro, Marcel Sabitzer, Louis Schaub, Xaver Schlager, Alessandro Schopf
Forwards: Marko Arnautovic, Michael Gregoritsch, Sasa Kalajdzic, Karim Onisiwo
Italy wins: 16
Austria wins: 11
One of the most impressive things about Italy has been how they are sharing the goals around their team.
Ciro Immobile has scored in both matches he has started, while four other Italians have also found the net.
One of them is Lorenzo Insigne, and he seems good value to score the first goal at 4/1. Manuel Locatelli proved his goalscoring prowess with two goals against Switzerland too, and he can be backed at 7/2 to score anytime.
If Austria are going to get something from the game, then David Alaba will be key. He's not known for his goalscoring, but he is a good punt at 17/2 to score anytime.