Canelas Gaia Futebol Clube became dormant in the 2005–06 season, due to financial problems.

However, Canelas were again promoted to the Campeonato de Portugal in 2018–19 and have since remained in the third tier, which became the Liga 3 in 2021–22.

In 2019, Canelas qualified for the Taça de Portugal, the premier knockout tournament in Portuguese football, for the first time in its history.

[4][5] Summit Nutritionals International became the official sponsor of CF Canelas in 2020, following the club's acquisition by Caesar DePaço.

[6][7] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.