Sadly not.
Not for the next 3 years at least, unless all 3 of those teams reach the semi's in the next 2 years.
Poor performances in the Europa by Italian teams don't help, in the summer Germany was ahead Italy not much will have changed. Co-efficients are calculated over a period of seasons not just one.
So if we assume the English teams get no further the 80.66 league co efficient will only drop by a minute amount. A Europa League run by an English team will really help cushion the blow, but in the scheme of things Italy are 4-5 years realistically away from reclaiming a 4th CL spot and that's dependant on German Football slipping.
France really needed this though, this seasons performance should be enough to push it close to Portugal who it lost it's place to this year. I would like to see Portugal being restricted back to 2 spots and their 3rd qualifying spot going to either the Bundesliga or Serie A. That would be a good thing to do for competitiveness in the CL.
It's weird that it doesn't matter that in past 10 years italian teams have been second most succesfull in CL. 4 finals 3 trophies. Only Spain's better with 4 of 4.