The competition was won by Milan, who beat Juventus on penalties in the European Cup's first ever all-Italian final, to win their sixth European title, and its first in nine years. Manchester United's Ruud van Nistelrooy was again the top scorer, scoring 12 goals over the two group stages and knockout stage, in addition to two goals he had scored in the qualifying phase. Real Madrid were the defending champions, but were eliminated by Juventus.
Milan won Group G of the first group round, group which also included Bayern, Lens and Deportivo, advancing to the second group round where they won group C. They defeated Real Madrid, Dortmund and Lokomotiv Moscova. They lost only two matches (Dortmund 0-1, and Real Madrid 1-3) but they advanced to the Quarter-finals where they met Ajax Amsterdam . The first leg was a draw (0-0) so the decisive match was the one on San Siro which Milan won (3-2). In the semi-finals they met local rivals Internazionale. Both matches finished equal (0-0; 1-1), but Milan advanced on away goals.
Codec H264, Mkv