Hello, and welcome here.
I hope you enjoy your time with us, we are ready to give you our help for your relocation.
In case you need some improvement in Italian language skills, there is a Section on this forum that can be very useful:
http://my.lifeinitaly.com/f55/
About job opportunities, I think you will not have huge problems with a Master in TEFL, not many Italians have so good references, and this field is currently growing in Italy, so probably there is need for workers.
About teaching English the situation is a bit saturated, also if you want to give private lesson.
Good luck with everything, good posts here, and welcome again.
Ps: Mbellusci, if you want you can use that picture as your profile picture or avatar. Just go to "My Profile" and click on Edit Profile Picture or Edit Avatar. You can find them on the left.