Dreamland Gran Canaria were the defending champions after refusing to take part in the 2023–24 EuroLeague via spot granted to the title holders,[2] but were eliminated in eighthfinals.

League positions after playoffs of the previous season shown in parentheses (TH: EuroCup title holders).

For the draw, the teams were seeded into 10 pots, in accordance with the Club Ranking, based on their performance in European competitions during a three-year period and the lowest possible position that any club from that league can occupy in the draw is calculated by adding the results of the worst performing team from each league.

Moreover, the top two teams in each regular season group received first round playoff byes, skipping the eighthfinals to be placed directly into the quarterfinals.

Alongside 17 returning teams from last season, Wolves made its debut appearance, and Aris Midea and Beşiktaş Emlakjet welcomed back to the EuroCup eight years later.

The two top teams from each regular season group received a bye and qualified directly to the quarterfinals.

The higher-placed regular season team in each matchup enjoyed home court advantage in eighthfinals and quarterfinals.