Lyon won the final 7–6 on penalties after a goalless draw, giving them their fourth title, equalling Frankfurt's record, and became the first team to retain the title twice.

The Cardiff City Stadium was announced as the final venue on 30 June 2015, following the decision of the UEFA Executive Committee meeting in Prague, Czech Republic to award the men's and women's Champions League finals to Cardiff.

The ambassador for the final was former Welsh international player Jayne Ludlow, who won the UEFA Women's Cup in 2007 with Arsenal.

[2] The "home" team (for administrative purposes) was determined by an additional draw held after the quarter-final and semi-final draws, which was held on 25 November 2016 at UEFA headquarters in Nyon, Switzerland.

[11] Player of the Match: Dzsenifer Marozsán (Lyon)[1] Assistant referees:[2] Christina Biehl (Germany) Katrin Rafalski (Germany) Fourth official:[2] Riem Hussein (Germany) Reserve official:[2] Ella De Vries (Belgium) Match rules[13]