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In 2006, Vialli released The Italian Job: A Journey to the Heart of Two Great Footballing Cultures, co-written with his close friend and reputable football journalist, Gabriele Marcotti. Written over a period of two and a half years from November 2003 until early 2006, the book discusses the differences between English and Italian football. Vialli is donating the proceeds of the book to the "Fondazione Vialli e Mauro per la ricerca e lo sport", which is a charitable foundation he founded together with former player Massimo Mauro in order to raise funds for research into cancer and amyotrophic lateral sclerosis (ALS).
Since the late 2000s Vialli works as a TV football commentator for Sky Italia. In 2007 he was linked with a move to the managers position at Queens Park Rangers, following the club takeover by Flavio Briatore and Bernie Ecclestone and the dismissal of John Gregory as manager, but ultimately declined any interest in the job. During Euro 2012, the 47-year-old former player appeared as pundit for BBC's coverage of the tournament.
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