BMC Racing Team has announced that Phinney was taken to hospital in Verona following the transfer for x-rays on the injured foot.
Team Doctor Dario Spinelli said preliminary review of the x-rays with the hospital's overnight radiologist revealed no broken bones.
"We'll take another look at his ankle later today and see how it's healing," Spinelli said. "It's definitely good that this happened before a rest day, since the transport and treatment process took so long. Taylor will enjoy a good night of sleep without the stress of having to get ready to race."
Phinney crossed the finish line in an ambulance following the crash.
"I've got a hole in my foot but I hope there's nothing serious," said the American as he was limping along. "I'm feeling better than straight after the crash. Fortunately, tomorrow is a rest day," he added prior to heading to Billund's airport and flying to Verona for Wednesday's team time trial.