In the transfer market, the club look into strengthening their defence, after conceding 23 goals in the league in the year before, with regular starters being brought in, notably the cases of Abel Xavier, Hélder and Carlos Mozer.

Also with strikers like Rui Águas and Sergei Yuran, players that could play in the hole were needed, so João Pinto and Aleksandr Mostovoi were signed.

Benfica finished the league in the second place, two points behind defending champions Porto – against whom they also lost the 1991 Supertaça in a replay final – but secured a record 22nd Taça de Portugal title.

[5] In September, the team dropped the first points, lagging behind in the title race, and lost the 1991 Supertaça Cândido de Oliveira replay final against Porto on penalties, despite a two-goal advantage.

Nonetheless, March was a difficult month as the team marginally defeated Sporting CP at home after dropping points in the title race against Farense, and were knocked out of the UEFA Cup by Roberto Baggio's and Gianluca Vialli's Juventus.

Ahead of the Clássico on 17 April, Porto and Benfica were tied in points, but as the match ended with a goalless draw, the title race remained open.