Fenerbahçe played in its second consecutive championship game, after it lost to CSKA Moscow in 2016.
Fenerbahçe opened the scoring and led by 5–1 before Olympiacos replied with five unanswered points.
An 11–2 run by Fenerbahçe at the start of the final quarter effectively secured the title for the club.
Fenerbahçe led at each quarter on its way to the title, and head coach Željko Obradović added to his record total of nine EuroLeague championships.
Bogdan Bogdanović and Nikola Kalinić both scored the most points, with 17 each, while Ekpe Udoh set a EuroLeague championship game record of five blocks.