The Teatro Municipale (also since the 1980s called the Teatro Municipale Valli due to being named after the actor Romolo Valli) is a theatre in Reggio Emilia, Northern Italy. Following the destruction by fire of the 1741 Teatro Cittadella in April 1851, the new theatre was designed by the architect Cesare Costa and connstructed in the neoclassic style between 1852 and 1857. Its inauguration took place on 21 April 1857 with the performance of the Vittor Pisani by local composer Achille Peri.

The outside is composed by 12 Tuscan columns made of granite on the ground floor while on the first floor it has 13 windows spaced by Ionic columns. On top of the building there are statues made by sculptors Prudenzio Piccioli, Ilario Bedotti, Giovanni Chierici, Antonio Ilarioli, Attilio Rabaglia.

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