Lazio president Claudio Lotito was banned for seven months and the Serie A club fined €150,000 ($176,925) by a national federal court.
Italian football was in mourning on Thursday following the death of Lazio youth player Daniel Guerini.
The great-grandson of Italian fascist dictator Benito Mussolini has signed his first professional contract with Serie A team Lazio.
Holders Bayern Munich booked their place in the Champions League quarterfinals with a professional performance to beat Lazio 2-1.
Lazio women's boss Carolina Morace has said Italy is "racist and homophobic" and the selection process stops women from managing men's teams.
Two goals from Alvaro Morata helped Juventus come from behind to beat Lazio 3-1 in Serie A on Saturday, closing the gap on leaders Inter Milan.
The match between Torino and hosts Lazio in Rome was postponed due to the visitors not being allowed to leave Turin to do coronavirus protocols.
Bayern Munich put one foot in the Champions League quarterfinals with a commanding display in a first-leg victory at Lazio on Tuesday.
Luis Alberto's first-half goal earned Lazio a 1-0 win over Sampdoria on Saturday, with a seventh win in eight league games.
Inter Milan's Romelu Lukaku scored twice and set up another goal as they beat visitors Lazio 3-1 on Sunday to move a point above AC Milan.