The draw for the groups was held on August 5, 2007, at the Kempinski Hotel in Munich.

The 2007–08 FIBA EuroCup, organized by FIBA Europe, was the fifth season of the competition regarded as the third-strongest pan-European club basketball competition, behind the Euroleague and ULEB Cup, the latter of which was renamed the Eurocup for 2008–09.

The labels in the parentheses show how each team qualified for the place of its starting round (TH: title holders;): A total number of sixteen teams participated in the qualifying round.

The top two teams in each group advance to quarter-final playoffs.

The Final Four was held from 18 until 20 April 2008 in Limassol, Spyros Kyprianou Arena.