back to my roots

Most people dont realize this but i am part Italian - Carolfi is an Italian surname. While I have been here i have met some of my distant relatives in Milan and got a tip that I may be eligible for dual citzenship 'jure sanguis' or by blood right. In my case, my great grandfather emmigrated to the US in 1907 at the age of 25. A single young man, Fiore Carolfi, took a ship from le Havre in the north of France and arrived at Ellis Island on March 5, 1907. His plan was to settle in Monroe, Wisconsin to make cheese with other family member who were already settled there. Later, his beloved 'Anna' joined him there from Casalpusterlango, Italy, they married and they started their family including my Grandpa Ervin.
If Fiore was not a citizen at the time of my grandfather birth, and neither him nor my father have claimed their citizenship rights to Italia, I can do so now. This part of the story is still under investigation. Assuming, Fiore had not yet been naturalized when my grandpa was born, all i have to do to be a citizen of Italy is collect and translate into Italian everyone's birth and marriage certificates from Fiore down to me. Sounds easy right? Well from what i understand, some of these documents have to be taken from the birthplace itself, so a return trip to Italy might be in order. Translations can costs in the hundreds, and the process to approve the paperwork is now taking up to two years. I know it can be done. I have heard of other Italian Americans being successul acquiring dual citizenship and so being a part of the EU. A European passport would definately be an asset for me as I love to travel and it will be so much easier to find work, purchase property in Europe etc. I am just not sure if I should be starting this process now.