Nino (Marcello Mastroianni) is a married man who does taxes. His life is, well, quiet and somewhat boring. And then one day he sees Anna (Romy Schneider), a woman he was in love with decades ago. Time has not been kind to her. He pays for her busfare and she disappears, only to call him that night and offers to repay him. He meets her at her dilapidated apartment, only to learn that she has died three years ago.

His wife Teresa (Eva Maria Meineke) is growing upset with his obsession with the past. Despite him being sure that she is gone, she calls again and asks him to visit her mansion. When she answers the door, she is the same woman he knew years ago, young and vital. She tells him that she still loves him, but can’t make love to him, as she is married to the man who owns this gigantic home, Conte Zighi (Wolfgang Preiss). She changes her mind and says that they should take a boat to where they once would get away to be with one another, except that she disappears by falling into the water. When Nino informs the police, his wife leaves him and a tearful Conte Zighi tells him that his wife died three years before. His servant even takes him to see her gravestone.

At the end, Nino is in a wheelchair in his senior home, watching the sun set. A gorgeous woman comes to bring him inside. It is Anna.

Directed by Dino Risi (Anima persa), who wrote the script with Bernardino Zapponi based on the book by Mino Milani, Fantasma d’amore is about a man who has no passion left, a life which has no joy and only memories, which have become colored by the idea that they are the past, of a great love lost for good to keep him warm in the dark nights of the soul. Yet Anna says to him, “You really believe time exists…time which makes us age, which consumes us, that indeed exists. But inside of me, I’m not aged at all.” The fact that this woman, for a time, loved him is enough to sustain him all the way to the loneliness of the grave.

Speaking of age and remaining young through memory, the Riz Ortolani score features a 72-year-old Benny Goodman playing clarinet.