[1] The league phase of the competition was played between September and December 2023, with the finals tournament taking place in February 2024.

The two best-ranked teams in the Nations League Finals (excluding France) qualified for the 2024 Summer Olympics.

[3] In addition, the competition featured promotion and relegation, taking effect in UEFA Women's Euro 2025 qualifying (which uses an identical league structure).

[3] The overall UEFA Nations League rankings are established as follows:[3] The competition was played from September 2023 to February 2024.

[8] In addition, Gibraltar, Liechtenstein and San Marino did not submit an entry, which meant that they could not qualify for UEFA Women's Euro 2025.

The draw for the league phase took place on 2 May 2023, 13:00 CEST, at the House of European Football in Nyon, Switzerland.

Due to winter venue restrictions, a group could contain a maximum of two of Sweden, Norway, and Iceland in League A, and two of Estonia, the Faroe Islands, Latvia, and Lithuania in League C. Due to excessive travel restrictions, only one of Andorra, the Faroe Islands, and Malta could be drawn with Kazakhstan.