Has anyone heard of anyone attempting to convert a tradition brick home to Italian-style stucco? I realize this will not be an inexpensive undertaking, but relocation is not a possibility at this time.

Thanks,

It can be done, but it needs particular attention to many fine details...flashings, window trim, control joints, stuff like that.

Think long a hard on that conversion. Brick does not do well once its covered with stucco. The attention to details such as flashing and weep holes must be addressed to prevent damage to the wall structure.
Also how will this house look once its done? If its out of the norm for the neighborhood you may want to re-think it. As it cannot be turned back once its on. Did you think of paint on the brick to change its look? Or is the stucco going on to hide other defects on the wall? If you go the paint route you need to sellect a paint that will allow moisture to go through it. Otherwise the brick will begin to spall.