[2] On 26 October 2016 Euroleague Basketball announced that the Final Four would be held in the Štark Arena in Belgrade.

Madrid battled injuries during the regular season, as Sergio Llull, Ognjen Kuzmić and Rudy Fernández missed most of the games.

The star player for Madrid during the season was Luka Dončić, who led the league in Performance Index Rating (PIR), and was later a top-three pick in the 2018 NBA draft.

For EuroLeague Legend Šarūnas Jasikevičius, this was his first visit to the Final Four as a head coach and also for the club since 1999.

Russian champions CSKA Moscow returned to the Final Four to make it their seventh consecutive semi-final appearance.

0 Defending champions Fenerbahçe Doğuş returned to the Final Four to make it their third straight appearance.

Žalgiris Kaunas qualified for its first Final Four in 20 years, as the last time the team participated was in 1999, where it claimed the championship as well.