Eleven minutes later, Ademola Lookman fired in what proved to be the winning goal from close range for his third of the tournament.
Awaiting England in the final are Venezuela, who secured their penalty shoot-out win over Uruguay after goalkeeper Wuilker Farinez saved Nicolas De La Cruz's effort.
Everton attacker Ademola Lookman slotted home after Italy failed to deal with another Ojo centre, then Zaccagno was beaten too easily by Solanke's 25-yard drive as England wrapped up the match with two minutes to go. "It's a dream to take a team to a World Cup final".
"I was born in 1966 and that was the last time we did it".
"It's what we've come here to do, get to the World Cup Final and hopefully we can go on to win it now, but I'm just buzzing at the moment". I'm really pleased for the players and delighted for all of the staff.
"We didn't come to the World Cup just to take part, we're here to win and that's what we're trying to do".
There are five Evertonians in the squad, three from Liverpool and two from Tottenham: all massive clubs who are committed to giving youth a chance.
Lookman, meanwhile, is an up-and-coming Everton prospect.
Drawn in a tough Group A against hosts South Korea, Argentina and wildcards Guinea, the Young Lions topped the group with seven points.
His introduction and subsequent direct running, complemented by crosses off either foot, gave England a different option and Newcastle, back in the Premier League, will similarly need to find alternative routes to goal on occasion.
Football's coming home, it's coming home, it's coming home, it's coming.