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Partizan started their campaign in the 1st round. In it, they were drawn at home against Napredak Kruševac. At home, Partizan won 3–1 with two goals from Uroš Đurđević and one goal from Leonardo. In the 2nd round, Partizan drew Serbian League Belgrade side Žarkovo. Partizan won 2–0 with two goals from Valeri Bojinov. In the quarter-finals, Partizan were drawn Serbian SuperLiga fellow Voždovac. At the Voždovac Stadium, Partizan won 2–1 with goals from Đurđević and Leonardo. In the first leg of semi-final at Karađorđe Stadium, Partizan played without goals against Vojvodina. In the second leg, Partizan won 1–0 at home, with Đurđević's goal and reached the final.
Red Star also started in the 1st where they were drawn at away against Serbian First League side ČSK Čelarevo. Red Star won 3–0 with goal from Marko Poletanović, captain Aleksandar Luković and Predrag Sikimić. In the 2nd round, they were drawn with Serbian First League team BSK Borča at home. Red Star won 3–0 with goals from Slavoljub Srnić, Hugo Vieira and Petar Orlandić. In the Quarter-finals, they were drawn against fellow Serbian SuperLiga side and Mladost Lučani. At home, Red Star won 4–2 thanks with goals from Guélor Kanga, Nemanja Milić, Richmond Boakye and Aleksandar Luković. In the first leg of semi-finals, Red Star were drawn against fellow Serbian SuperLiga, Čukarički. Red Star won 4–1 at away, with a goal from Damien Le Tallec, two goals from Richmond Boakye and one own goal. In the second leg, Red Star has lost 1–2 at home. Richmond Boakye has scored from penalty spot.
Pre-match
The match should to be played on Karađorđe Stadium in Novi Sad. After semi-finals, in the final are qualified Partizan and Red Star and It was decided that the match was held in Belgrade. On 18 May 2017, on the draw was decided to play on Partizan Stadium.
The last meeting between Partizan and Red Star in Cup final, was in the 2000–01 FR Yugoslavia Cup. The game was played at Red Star's stadium and Partizan won 1–0 by Saša Ilić's goal in 65th minute. It is interesting that Saša Ilić still plays in Partizan.
Due to injuries, for Partizan could not play Brazilian defensive midfielder Everton Luiz and goalkeeper Filip Kljajić. For Partizan could not play and left-back Nemanja Miletić, because he got yellow card against Vojvodina, in the second leg of the semi-finals.
For Red Star could not play Ghanaian defender Abraham Frimpong, because he got a yellow card against Čukarički, in the second leg of the semi-finals.
42'
Partizan
63'
65'
84'
