Possible return match at San Siro, Italy, activated squad from the continent (7,6)

'possible return' is the definition.
(I know that amended return is a type of income tax return)

'match at san siro italy activated squad from the continent' is the wordplay.
I cannot quite understand how this works, but
'the' could be 't' (the is pronounced as a 't' sound in some dialects) and 't' is located in the answer.
'continent' could be 'eu' and 'eu' is located in the remaining letters.
This explanation may well be incorrect...

Can you help me to learn more?