|Host country Italy|
Runners-up Ipswich Town
Third place Napoli
The 1981 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 seeded in 4 groups. Each team from a group meets the others in a single tie. The winner of each group progress to the final knockout stage.