The 1994–95 season marked Carlo Mazzone’s second year in charge, and he began reshaping the squad to make it more competitive. Established names like Caniggia, Mihajlović, Häßler, and Rizzitelli departed, while new talents such as Thern, Fonseca, Moriero, and Abel Balbo arrived.

All the newcomers made an impact, but it was the Argentinian striker Balbo who truly shone, netting 22 goals in 32 Serie A matches and leading his team to an impressive fifth-place finish and European qualification. Memorable highlights of the campaign included emphatic 3–0 victories over Lazio and Juventus.