Merlin then sends Arthur and his two closest companions, Lancelot and Perceval, to overthrow the evil king Garibaldi and to unite Britain.

In Japan, Game Machine listed Knights of the Round on their March 1, 1992 issue as being the most-successful table arcade unit of the month, outperforming titles such as Street Fighter II: The World Warrior.

[19] Play Meter also listed Knights of the Round to be the fifty-first most-popular arcade game at the time.

[5] Anthony Baize, writing for Allgame, called it a "solid" beat 'em up title with "cool" mythological characters.

[2] Reviewing the SNES version, GamePro praised the quality of the sprites but was critical to its slow and repetitive gameplay.