[3] On 17 June 2020, UEFA announced that the final tournament would be played from 9 to 11 October 2020 at the Palau Blaugrana in Barcelona, Spain behind closed doors.

The association ranking based on the UEFA futsal national team coefficients is used to determine the number of participating teams for each association:[8] For this season, the top four-ranked associations, Spain, Portugal, Russia and Kazakhstan, can enter two teams, as Portugal's entries include the title holders, Sporting CP.

In the final tournament, the four qualified teams play in knockout format (semi-finals, third place match, and final), either at a host selected by UEFA from one of the qualified teams or at a neutral venue.

The winners of each group advanced to the main round Path B to join the seven teams which receive byes (another 16 teams receive byes to the main round Path A).

The draw for the elite round was held on 18 October 2019, 14:00 CEST (UTC+2), at the UEFA Headquarters in Nyon, Switzerland.

Based on the decisions taken by the UEFA Emergency Panel, teams from Russia and Ukraine could not be drawn in the same group.

[15] This would have been the first time that the final tournament would be held at a neutral venue instead of in the country of one of the four qualified teams.

[16] On 17 June 2020, the UEFA Executive Committee chose to relocate the 2020 finals to Palau Blaugrana, Barcelona, Spain due to the COVID-19 pandemic in Europe, and Minsk were instead chosen to host the finals of the 2020–21 UEFA Futsal Champions League in April 2021.

[19] The draw for the final tournament was held on 5 February 2020, 19:00 FET (UTC+3), by Aleksandr Hleb at the Belarus Olympic Committee headquarters in Minsk.