The format featured 24 teams, beginning with Game 1 of the first qualifying round on September 21, 2010, and culminating at the Final Four in the Palau Sant Jordi, Barcelona.

[1] It was won by the Athenian club Panathinaikos (6th title), who defeated Maccabi Electra in the championship game of May 8, 2011.

[4] †As winner of the ULEB Eurocup 2009–10 The draws for the 2010–11 Turkish Airlines Euroleague was held on Thursday, July 8 at Barcelona, Spain.

CSKA Moscow FC Barcelona Olympiacos Caja Laboral Montepaschi Siena Panathinaikos Maccabi Electra Real Madrid Partizan Power Electronics Valencia Unicaja Málaga Lietuvos Rytas Fenerbahçe Ülker Asseco Prokom Efes Pilsen Lottomatica Roma Žalgiris Cibona Armani Jeans Milano Brose Bamberg Union Olimpija Cholet Spirou Charleroi (QR A) Khimki (QR B) The Qualifying Rounds consisted of three rounds, QR1, QR2 and QR3.

The draw took place on 4 January 2011 at Barcelona at 13:00 CET, and was streamed live on the Euroleague's official website.