Ugo Locatelli (; 5 February 1916 – 28 May 1993) was an Italian international footballer who played as a midfielder or as a forward. Regarded as one of Italy's greatest players, he won a gold medal at the 1936 Summer Olympics and a winner's medal at the 1938 FIFA World Cup while playing with the Italy national football team, and is only one of four Italian players to have managed this achievement.