This season Palmeiras participated in the Campeonato Paulista, Copa Libertadores, Copa do Brasil, Série A and the Supercopa do Brasil.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

The draw for the group stage was held on 27 March 2023, 20:00 PYST (UTC−4), at the CONMEBOL Convention Centre in Luque, Paraguay.

The draw for the round of 16 was held on 5 July 2023, 12:00 PYST (UTC−4), at the CONMEBOL Convention Centre in Luque, Paraguay.

[28][29] Palmeiras qualified for the 2023 Supercopa do Brasil by winning the 2022 Campeonato Brasileiro Série A.