It determined that year's club champion of association football in Asia.

Thai Farmers Bank FC from Thailand crowned Asian champion for the second consecutive year.

All matches were played in Bandar Seri Begawan, Brunei, from 26 to 30 August 1994.

Note: the Jordanian FA did not send a team, while Al-Ahli withdrew before the draw.

1 The AFC ordered that the 2nd leg was to be played in Malaysia due to a plague pandemic in India, but Mohun Bagan objected to the ruling and refused to travel; they were ejected from the competition, fined $3000 and banned from AFC competitions for three years.