A new tournament, Millennium Estoril Open, was created in its place, moving from Oeiras to Cascais.

Also, Marat Safin lost the 2004 final and Yevgeny Kafelnikov and Gustavo Kuerten won the doubles tournament in 1995 and 1997, respectively.

After being discontinued in 1990, the event returned as a part of the Estoril Open in 1998, starting as an ITF tournament.

Statistically, the men's tournament highlights the dominance of Argentine and Spanish male players on red clay.

Between 1990 and 2001, at least one Spaniard appeared in the final ten times, with a player from Spain claiming the title in nine of those twelve years.