Italy star of the match Federico Chiesa: "I cannot describe my emotion by words, it was a tough match, Spain were great tonight but we come back here on 11 July for the final. We will see, we will see.
"Spain were great, they have star players but we fought until the end and we did it.
"When Locatelli missed the first penalty, everyone was calm saying we can do it and at the end our group helped us in the moment."
Italy are going to be tough to beat. It takes everything out of you, it is going to be very, very tough but it is doable.
Get Involved
#bbcfootball
Roberto Colombi: Best Euro tournament EVER!
Benjamin Nunis: The two players involved in the equaliser for Spain both missed their penalties. How fortunes change. Heroes one moment, villains the next.
Noel Fitzpatrick: The better team on the night lost, but the better team in the tournament won.
'Tough nut to crack'
FT: Italy 1-1 Spain (Italy win 4-2 on pens)
Rio Ferdinand
Former England defender on BBC One
I fancied the Italians before the game. They have character and toughness. The way Roberto Mancini has turned their fortunes around, they have been a credit. They are going to be a tough nut to crack in the final.
Post update
Italy into Euro 2020 final
Getty ImagesCopyright: Getty Images
There's celebrations in the stands and on the pitch for those in blue as Italy move a step closer to a first European Championship win since 1968.
Spain were the better side for large periods of the game and a bit more quality in the final third they could have been out of sight way before full time but Italy had the quality on the counter and the coolness in the shootout, personified by the sheer calmness of Jorginho's high pressure spot kick.
'A fantastic moment'
Italy into Euro 2020 final
Jurgen Klinsmann
Former Germany head coach on BBC One
Its just wonderful scenes.
You have to feel bad for Spain they played a great match. They were probably the better side over 120 minutes even if it finished 1-1.
But seeing the Italians going to the final after what they have been through. It is amazing their story, the story of Roberto Mancini and this team. It is a fantastic moment.
'Amazing scenes'
Italy into Euro 2020 final
Dion Dublin
Former England striker on BBC Radio 5 Live
Amazing scenes from the Italian bench absolutely mobbing Jorginho. What a penalty to close the semi-final out. The keeper has to move, no chance for the keeper, the coolest penalty of the night and the Italians go absolutely mental on the pitch and in the stands.
Getty ImagesCopyright: Getty Images
Post update
Italy into Euro 2020 final
Getty ImagesCopyright: Getty Images
What a game! What. A. Game.
Quality, tension, tempo and drama in the penalty shootout.
A horrible way for Spain to lose and in particular you have to feel for Alvaro Morata, his cool strike had given them hope but then missed a penalty in the shootout.
BreakingITALY ARE INTO THE EURO 2020 FINAL
.Copyright: .
GOAL - Jorginho - Italy win 4-2 on penalties
Italy 4-2 Spain
Getty ImagesCopyright: Getty Images
Oh that is unreal from Jorginho.
The pressure penalty, he runs up, takes a skip and nonchalantly passes the ball into the corner.
Unai Simon had no chance.
MISSED PENALTY - Álvaro Morata
Italy 3-2 Spain
Getty ImagesCopyright: Getty Images
Oh dear.
It's a poor penalty from Alvaro Morata, really tame effort and Gianluigi Donnarumma dives the right way to save.
GOAL - Federico Bernardeschi
Italy 3-2 Spain
Getty ImagesCopyright: Getty Images
Best of the lot so far.
Federico Bernardeschi smacks it left-footed into the top corner.
GOAL - Thiago
Italy 2-2 Spain
ReutersCopyright: Reuters
What a cool penalty that is from the Liverpool man, one step and into the bottom corner.
GOAL - Leonardo Bonucci
Italy 2-1 Spain
ReutersCopyright: Reuters
Lovely penalty from defender Leonardo Bonucci, opening up his body and sending Unai Simon the wrong way.
GOAL - Gerard Moreno
Italy 1-1 Spain
ReutersCopyright: Reuters
A little stutter from Gerard Moreno but it is high into the roof of the net, past the reach of Gianluigi Donnarumma.
GOAL - Andrea Belotti
Italy 1-0 Spain
ReutersCopyright: Reuters
Finally off the mark.
Excellent penalty by Andrea Belotti, smashing it into the bottom corner.
Live Reporting
Gary Rose
All times stated are UK
'We fought until the end'
Italy into Euro 2020 final
Italy
Italy star of the match Federico Chiesa: "I cannot describe my emotion by words, it was a tough match, Spain were great tonight but we come back here on 11 July for the final. We will see, we will see.
"Spain were great, they have star players but we fought until the end and we did it.
"When Locatelli missed the first penalty, everyone was calm saying we can do it and at the end our group helped us in the moment."
'We're staying!'
Italy into Euro 2020 final
How it finished
Italy into Euro 2020 final
How it started
Italy into Euro 2020 final
'Italy are tough to beat'
Italy into Euro 2020 final
Jurgen Klinsmann
Former Germany head coach on BBC One
Italy are going to be tough to beat. It takes everything out of you, it is going to be very, very tough but it is doable.
Get Involved
#bbcfootball
Roberto Colombi: Best Euro tournament EVER!
Benjamin Nunis: The two players involved in the equaliser for Spain both missed their penalties. How fortunes change. Heroes one moment, villains the next.
Noel Fitzpatrick: The better team on the night lost, but the better team in the tournament won.
'Tough nut to crack'
FT: Italy 1-1 Spain (Italy win 4-2 on pens)
Rio Ferdinand
Former England defender on BBC One
I fancied the Italians before the game. They have character and toughness. The way Roberto Mancini has turned their fortunes around, they have been a credit. They are going to be a tough nut to crack in the final.
Post update
Italy into Euro 2020 final
There's celebrations in the stands and on the pitch for those in blue as Italy move a step closer to a first European Championship win since 1968.
Spain were the better side for large periods of the game and a bit more quality in the final third they could have been out of sight way before full time but Italy had the quality on the counter and the coolness in the shootout, personified by the sheer calmness of Jorginho's high pressure spot kick.
'A fantastic moment'
Italy into Euro 2020 final
Jurgen Klinsmann
Former Germany head coach on BBC One
Its just wonderful scenes.
You have to feel bad for Spain they played a great match. They were probably the better side over 120 minutes even if it finished 1-1.
But seeing the Italians going to the final after what they have been through. It is amazing their story, the story of Roberto Mancini and this team. It is a fantastic moment.
'Amazing scenes'
Italy into Euro 2020 final
Dion Dublin
Former England striker on BBC Radio 5 Live
Amazing scenes from the Italian bench absolutely mobbing Jorginho. What a penalty to close the semi-final out. The keeper has to move, no chance for the keeper, the coolest penalty of the night and the Italians go absolutely mental on the pitch and in the stands.
Post update
Italy into Euro 2020 final
What a game! What. A. Game.
Quality, tension, tempo and drama in the penalty shootout.
A horrible way for Spain to lose and in particular you have to feel for Alvaro Morata, his cool strike had given them hope but then missed a penalty in the shootout.
BreakingITALY ARE INTO THE EURO 2020 FINAL
GOAL - Jorginho - Italy win 4-2 on penalties
Italy 4-2 Spain
Oh that is unreal from Jorginho.
The pressure penalty, he runs up, takes a skip and nonchalantly passes the ball into the corner.
Unai Simon had no chance.
MISSED PENALTY - Álvaro Morata
Italy 3-2 Spain
Oh dear.
It's a poor penalty from Alvaro Morata, really tame effort and Gianluigi Donnarumma dives the right way to save.
GOAL - Federico Bernardeschi
Italy 3-2 Spain
Best of the lot so far.
Federico Bernardeschi smacks it left-footed into the top corner.
GOAL - Thiago
Italy 2-2 Spain
What a cool penalty that is from the Liverpool man, one step and into the bottom corner.
GOAL - Leonardo Bonucci
Italy 2-1 Spain
Lovely penalty from defender Leonardo Bonucci, opening up his body and sending Unai Simon the wrong way.
GOAL - Gerard Moreno
Italy 1-1 Spain
A little stutter from Gerard Moreno but it is high into the roof of the net, past the reach of Gianluigi Donnarumma.
GOAL - Andrea Belotti
Italy 1-0 Spain
Finally off the mark.
Excellent penalty by Andrea Belotti, smashing it into the bottom corner.
MISSED PENALTY - Dani Olmo
Italy 0-0 Spain
Blazed over the crossbar by Dani Olmo!
The ball is still travelling.