[11] Friends Arena, located in the Solna Municipality of the Stockholm urban area, was announced as the final venue on 30 June 2015, following the decision of the UEFA Executive Committee meeting in Prague, Czech Republic.

They were seeking to join Juventus, Ajax, Bayern Munich and Chelsea as the only clubs to have won all three major European trophies (European Champion Clubs' Cup/UEFA Champions League, UEFA Cup/Europa League, and the now defunct UEFA Cup Winners' Cup).

[7][13] The two sides had previously met four times in European competitions, all in the UEFA Cup/Europa League, with a record of two wins each.

The ambassador for the final was former Swedish international player Patrik Andersson, who won the Champions League with Bayern Munich against Valencia in 2001.

[18] UEFA unveiled the brand identity of the final on 26 August 2016 in Monaco during the group stage draw.

The remaining tickets were allocated to the local organising committee, UEFA and national associations, commercial partners and broadcasters, and to serve the corporate hospitality programme.