The final was contested as a single match between Persepolis from Iran and Ulsan Hyundai from South Korea.

However, due to the COVID-19 pandemic, the tournament was suspended between March and September 2020, and upon its resumption, all matches were relocated to centralised venues in Qatar, and the final was played at Al Janoub Stadium in Al Wakrah on 19 December 2020.

As Asian champions, they qualified for the 2020 FIFA Club World Cup in Qatar.

[3] This was the first Asian club competition final held at Al Janoub Stadium.

[4] Note: In all results below, the score of the finalist is given first (H: home; A: away; *: played in Qatar after restart).