During summer President Umberto Agnelli transferred in several plavers such as: Defender Ernesto Castano, midfielder Piero Aggradi (after a loan ended), Luigi Fuin and Gianfranco Leoncini, meanwhile playing his last season Ermes Muccinelli (future club legend), along with Francesco Stacchino and Swedish midfielder Karl-Erik Palmér the latter a notorious flop for the campaign.

On 16 December 1958 in the gala of the 1958 Ballon d'Or, several squad players competed for the trophy,[1] included Welsh Forward John Charles (finishing in a 4th place), Bruno Nicolè and Giampiero Boniperti.

In League, the team reached a disappointing 4th place in spite of the "Trio Magico" (Charles-Sivori-Boniperti) scoring a massive quantity of goals for the third consecutive season.

[2] The club had its debut in the European Cup, and was chaotic, in a series of two-legs in preliminary round against Wiener Sport-Club from Austria, after a 3-1 won match in Torino thanks to a hat-trick of Omar Sívori the squad collapsed in Wien, without and injured John Charles the squad lost 0-7 at the Praterstadion being eliminated early out of the competition.

After a 5-4 lost match in Torino against Milan,[3] included arguments between the head coach and the star Forward Omar Sívori, the Yugoslavian manager Ljubiša Broćić was fired and replaced by Teobaldo Depetrini.