The 2006–07 ULEB Cup was the fifth season of the second-tier level European professional club basketball competition, the EuroCup.

Real Madrid defeated Lietuvos rytas in the final, by a score of 87–75, to lift the trophy.

This season's ULEB Cup featured a total of 24 teams, divided into four groups of six.

Real Madrid: Felipe Reyes, Charles Smith, Axel Hervelle, Louis Bullock, Álex Mumbrú, Raul Lopez, Blagota Sekulic, Kerem Tunçeri, Marko Tomas.

Lietuvos Rytas: Matt Nielsen, Joao Paulo Batista, Ivan Koljevic, Marijonas Petravičius, Artūras Jomantas, Eurelijus Žukauskas, Tomas Delininkaitis, Andrius Šležas, Roberts Štelmahers, Jānis Blūms, Kareem Lamar Rush, Mindaugas Lukauskis.