The two-team competition is named after former Benfica player and Portugal international Eusébio,[1][2] who presented the trophy to the winning team until 2013, before his death in January 2014.

There were plans to extend the number of participants to four,[3] a move that Eusébio himself was in favor of,[4] but no changes were ever made in that regard.

The cup's first edition was won by Inter Milan, with the other winners being Benfica (2009, 2011, 2012, 2022, 2024), Tottenham (2010), São Paulo (2013), Ajax (2014), Monterrey (2015), Torino (2016) – in a match that also served to honour the memory of the Grande Torino team who died in the Superga air disaster[5] – and Lyon (2018).

No invited team, also including runners-up AC Milan, Arsenal, Real Madrid, Newcastle United and Feyenoord, has participated in more than one edition.

[10] The Eusébio Cup trophy is made out of glass and bears the name of the match and its winners.