After the 1978–79 season, Banelli moved to fellow Calabrian club, Reggina 1914, who were competing in Serie C. He made 20 appearances for Reggina before moving to Cavese 1919 for the following season, where he made 29 appearances and scored two goals.
This occurred twice in the 1992–93 season, when he first took over from Franco Selvaggi for the round 7 match on 20 October.
Banelli was in charge for 16 matches before the club hired Paolo Dal Fiume in February 1993.
Banelli again took the manager position for Catanzaro for a third time on 5 April 1996 for the final 7 games of the 1995–96 season.
Across three spells, Banelli managed 32 matches for Catanzaro, with a record of 12 wins, 11 draws and 9 losses.