The Three Lions, who were top seeds in the draw, are in Group B for the Finals in Czech Republic in June, following Thursday’s event in Prague.
Head coach Gareth Southgate was at the Clarion Congress Hotel in the nation’s capital for the draw, which was assisted by former Czech midfielder and tournament ambassador Pavel Nedved.
And the draw means England will get chance to face one of their future opponents next week, with Portugal the visitors to Burnley’s Turf Moor on Thursday 13 November.
Italy are also familiar opponents for the Under-21s, after meeting them in the last Euro Finals in Israel in 2013, when the Azzurri won 1-0 in the opening group game.
Sweden were also opponents back in the Euro Finals of 2009, when England beat them on penalties in the semi-final of that competition, which was hosted by the Swedes.
Group A is made up of the hosts Czech Republic, Germany, Serbia and Denmark.
The Euros start on Wednesday 17 June for those nations in Group A, but England’s first game will be on the following day.
Further Group B matches will take place on Sunday 21 June and Wednesday 24 June before the competition goes to the semi-final stage on Saturday 27 June.
The Final will take place at the Eden Stadium in Prague on Tuesday 30 June.
If you want to see next week's game with Portugal, tickets for the game at Turf Moor cost just £10 for adults and £5 for concessions. Call 01282 700003 for more details.
Click here to apply for group bookings for 15 people or more (no age restrictions and bookable in advance only): £5 adults and £2.50 concessions.
And Charter Standard clubs clubs can apply for group bookings via the attached form here.