Uefa maintained there was nothing suspicious about the 2-2 draw between Sweden and Denmark which ended Italy's Euro 2004 campaign.
But Uefa may take action against Italy goalkeeper Gianluigi Buffon and Italian federation president Franco Carraro, who have made match-fixing allegations.
There had been suggestions prior to the game that the Scandanavian rivals would play for the draw.
But Uefa spokesman Rob Faulkner said: "There isn't anything there at all."
Sweden and Denmark denied the match-fixing claims before and after the game that sealed their quarter-final spots.
Meanwhile, Italy were not the only losers on the night as bookmakers also admitted they had paid out heavily on the result.
Punters had bet heavily that Denmark and Sweden would play for a 2-2 draw to
eliminate the Italians on goal difference.
"That result will cost us a six figure payout, but we have done well out of
the elimination of Italy, so there is a silver lining to the cloud," said
William Hill's spokesman Graham Sharpe.
The bookies had been offering the 2-2 scoreline between Denmark and Sweden at
odds of just 7/2, the shortest odds they have ever quoted for that outcome in a
Mr Sharpe added: "Whatever price we put up was snapped up by punters
desperate to back that outcome and we soon had to shorten the odds to 7/2, the
shortest price we have ever offered about a 2-2 draw."