Ugo Locatelli played in the defensive midfield as well as on both midfield wings. He did not have extraordinary technical skills but was very fast and had a high playing intelligence. He started his career with Brescia Calcio in 1933 and played from 1936-41 for Inter-Milano. With this club he won the Italian Championship in 1938 and 1940 and the Cup in 1939. In 1941 he joined Juventus Torino, becoming Cup winner in 1942. Interrupted by World War II, he played for Juventus until 1949. Subsequently Locatelli worked as a youth coach for 15 years and another 10 years as technical director. In Serie A he played a total of 369 games scoring 14 goals.
Locatelli’s début on the national team came at the 1936 Olympic tournament, where he played all four games for Italy. In the years before the war, he was a regular player on the national team. He was a member of Italy’s World Cup winning team in 1938 and was voted into the All-Star Team of tournament. He is one of only four Italian players to have won both the World Cup title and an Olympic gold medal. Between 1936 and 1940 Locatelli made 22 appearances for the national team, never losing a game. World War II put an end to his international career at the age of only 24.