[12][13][14] In January 2023, the Asian Cricket Council (ACC) announced the pathway structure and calendar for 2023 and 2024,[15][16] where they confirmed the dates and format of the tournament.

[18] India defeated Sri Lanka by 10 wickets in the final to win their eighth Asia Cup title; with a record number of balls remaining (263).

[20] The ACC issued a press release following the meeting stating that "in light of the impact and consequences of the COVID-19 pandemic, possible venue options for the Asia Cup 2020 were discussed and it was decided to take the final decision in due course".

[23] In March 2021, the tournament was at risk of a further postponement after India qualified for the final of the World Test Championship, which clashed with the proposed dates in June.

[33][34] In March 2023, it was proposed that Pakistan remain as hosts and that all India matches - including at least two India-Pakistan contests - would be played at a neutral venue yet to be confirmed.

[37] On 15 June 2023, the Asian Cricket Council announced that the tournament would be organized in a hybrid model with four matches being held in Pakistan, and the remaining nine in Sri Lanka.

Ahead of the tournament, Ebadot Hossain was ruled out of Bangladesh's squad due to an injury and was replaced by Tanzim Hasan Sakib.

[53] Initially, on 30 August 2023, Liton Das was ruled out from Bangladesh's squad for the entire tournament with a viral fever, with Anamul Haque named as his replacement.

[55] On 5 September 2023, Najmul Hossain Shanto was ruled out of Bangladesh squad for rest of the tournament after he sustained a hamstring injury during their Group Stage match against Afghanistan.

[56] On 13 September Naseem Shah was ruled out of Pakistan squad for rest of the tournament after he sustained a shoulder injury during their Super Four match against India.

[57] On 16 September Axar Patel was ruled out of India squad for the Asia Cup Final after he sustained multiple injuries during their Super Four match against Bangladesh, he was replaced by Washington Sundar[58] Ahead of the final, Maheesh Theekshana was ruled out of Sri Lanka's squad due to sustaining hamstring injury and was replaced by Sahan Arachchige.

[67] Two days later, Sri Lanka made their 12th final, 11th in the ODI format of the tournament, after they defeated Pakistan by two wickets in a rain-disrupted match.