The tournament was won by Leicester City, who beat Middlesbrough 1–0 in the final replay at Hillsborough after finishing 1–1 at Wembley Stadium.
The 33 winners from the first round joined the 15 Premier League clubs not participating in European competition plus the 3 non-promoted play-off teams from the First Division and the 3 relegated clubs from the Premier League in the 1995–96 season in round two.
The semi-final draw was made in January 1997 after the conclusion of the quarter finals.
Leicester City went through on away goals to reach their first cup final in 28 years at the expense of Wimbledon, while Division Two underdogs Stockport gave Middlesbrough a run for their money, going out by a single goal.
Leicester City win on away goals Middlesbrough win 2–1 on aggregate The 1997 Coca-Cola Cup Final was played on 6 April 1997 and was contested between Leicester City and Middlesbrough at Wembley Stadium.