The tournament consisted of two semi-finals, a third place play-off, and a final to determine the inaugural champions of the UEFA Women's Nations League and the two teams that would qualify for the 2024 Summer Olympics alongside France.

The competition was in a knockout format, consisting of two semi-finals, a third place play-off, and a final.

The semi-final pairings and the administrative home teams for the third place play-off and final were determined using an open draw on 11 December 2023.

[3][4] On 11 December 2023, the draw for the semi-final pairings and hosts for the final and third-place matches took place in Nyon.

[5] Each national team had to submit a squad of 23 players, three of whom had to be goalkeepers, at least ten days before the opening match of the tournament.