|Host country Italy|
Champions Lanerossi Vicenza
Third place Milan
The 1954 winners of the Torneo di Viareggio (in English, the Viareggio Tournament, officially the Viareggio Cup World Football Tournament Coppa Carnevale), the annual youth football tournament held in Viareggio, Tuscany, are listed below.
The 16 teams are organized in knockout rounds, all played single tie.