The 1992 Italian Open was a tennis tournament played on outdoor clay courts.

Both the men's and the women's events took place at the Foro Italico in Rome, Italy.

First-seeded Jim Courier and second-seeded Gabriela Sabatini won the singles titles.

It was Sabatini's second consecutive singles title at the event and third in total, also winning in 1991 and 1988.

[3] Jim Courier defeated Carlos Costa, 7–6(7–3) 6–0, 6–4 Gabriela Sabatini defeated Monica Seles 7–5, 6–4 Jakob Hlasek / Marc Rosset defeated Wayne Ferreira / Mark Kratzmann 6–4, 3–6, 6–1 Monica Seles / Helena Suková defeated Katerina Maleeva / Barbara Rittner 6–1, 6–2