The 1988 European Cup final was a football match played between PSV Eindhoven of the Netherlands and Benfica of Portugal to decide the champion of the 1987–88 European Cup.

PSV won 6–5 on penalties after a goalless draw after extra time.

According to PSV player Berry van Aerle, it was not a particularly good match, with both teams very cautious.

However, it was exciting until the end and concluded in a tense penalty shoot-out.

Five members of the PSV side were also part of the Netherlands team that went on to win UEFA Euro 1988 in West Germany that summer.