QPR clinched the Trofeo Bartolotti in Italy tonight (Saturday).
After beating Portuguese side SC Braga 1-0 earlier in the evenings thanks to Jay Bothroyd's goal, Rangers shared the spoils with Atalanta in their final fixture - before triumphing 3-2 on penalty kicks.
Ali Faurlin gave Rangers a 21st minute lead, only for Padoin to equalise six minutes later.
Jay Bothroyd, Adel Taarabt and Bradley Orr all scored from the spot, whilst trialist Brian Murphy saved one spot kick.
Neil Warnock made wholesale changes for the second fixture against the Italians.
Trialist Brian Murphy started in goal, behind a back four of Matt Connolly, Fitz Hall, Danny Gabbidon and Kieron Dyer.
Faurlin and Shaun Derry sat deep in midfield, with Akos Buzsaky, Tommy Smith and Taarabt supporting lone front-man Patrick Agyemang.
Rangers began on the front foot, with Taarabt's deflected strike squirming wide in the opening five minutes.
Play soon switched to the other end and former Ipswich Town custodian Murphy did his chances of earning a contract no harm whatsoever with a stunning save to keep out Ardemagni's stooping header.
Buoyed by that excellent stop, the R's were soon a goal to the good on 21 minutes.
After Agyemang was sent tumbling 30 yards from goal, Taarabt curled a delicious cross into the penalty box and the unmarked Faurlin finished with aplomb from eight yards out.
Rangers looked comfortably, but the hosts - buoyed by a partisan home crowd - drew level in the 27th minute.
After the R's failed to clear their lines, a cross from the left by-line was smashed home by Padoin to bring the Serie A side level.
Both sides - to their credit - pushed for a late winner, but it wasn't forthcoming, as honours ended even and the match went to penalty kicks.
Bothroyd, Taarabt and Orr all scored from 12-yards, as Rangers ran out 3-2 winners.
Atalanta: Frezzolini, Capelli, Manfredini, Schelotto (Radovanovic 7), Peluso, Caseta, Padoin, Pettinari, Ferri, Ardemagni, Marilungo.
Subs: Facheris, Lucchini, Bonaventura, Masiello, Gabbiadini, Zappacosta, Kone, Suagher, Raimondi, Minotti, Tiribocchi.
QPR: Trialist, Connolly, Gabbidon (Trialist 7), Hall, Dyer (Orr 34), Faurlin (Gorkss 39), Buzsaky, Taarabt, Smith (Vaagan-Moen 34), Derry (Bothroyd 45), Agyemang (Ephraim 45).
Subs: Kenny, Hill.
