The winner of the tournament received a berth in the first qualifying round of the 2017–18 UEFA Europa League.
The defending champions were Rudar, who beat Budućnost in the final of the last competition.
Like during the past seasons, in Montenegrin Cup 2016-17 were participated 30 clubs.
[1] Source:[2] Sixteen clubs competed in the second round played over two legs on 28 September and 26 October 2016.
[1] Four clubs competed in the semi-finals played over two legs on 12 and 26 April 2017.