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The 2023–24 AFC Champions League knockout stage began on 13 February with the round of 16 and ended on 25 May 2024 with the final to decide the champions of the 2023–24 AFC Champions League. A total of 16 teams competed in the knockout stage.

Qualified teams

The group winners and three best runners-up in the group stage from each region advanced to the round of 16, with both West Region (Groups A–E) and East Region (Groups F–J) having eight qualified teams.

Region	Group	Winners	Runners-up (best three from each region)
West Region	A	Al Ain	Al-Fayha
	B	Nasaf	—
	C	Al-Ittihad	Sepahan
	D	Al Hilal	Navbahor
	E	Al Nassr	—
East Region	F	Bangkok United	Jeonbuk Hyundai Motors
	G	Yokohama F. Marinos	Shandong Taishan
	H	Ventforet Kofu	—
	I	Kawasaki Frontale	Ulsan Hyundai
	J	Pohang Steelers	—

Format

In the knockout stage, the 16 teams played a single-elimination tournament, with the teams split into the two regions until the final. Each tie was played on a home-and-away two-legged basis. Extra time and a penalty shoot-out were used to decide the winner if necessary (note that the away goals rule had been abolished) (Regulations Article 10.1). The order of matches (home vs away) was determined at the draw, except for the final. The final was pre-determined on a rotation basis, with the first leg hosted by the team from the East Region. The match-ups were determined at a single draw event, made on 28 December 2023.

Schedule

The schedule of the competition was as follows.

Bracket

The bracket was decided after the draw for the knockout stage, which was held on 28 December 2023, 16:00 MYT (UTC+8), at the AFC House in Kuala Lumpur, Malaysia.

	Round of 16						Quarter-finals						Semi-finals						Final
	Jeonbuk Hyundai Motors	2	1	3
	Pohang Steelers	0	1	1
							Jeonbuk Hyundai Motors	1	0	1
							Ulsan Hyundai	1	1	2
	Ulsan Hyundai	3	2	5
	Ventforet Kofu	0	1	1
													Ulsan Hyundai	1	2	3 (4)
													Yokohama F. Marinos (p)	0	3	3 (5)
	Shandong Taishan	2	4	6
	Kawasaki Frontale	3	2	5
							Shandong Taishan	1	0	1
							Yokohama F. Marinos	2	1	3
	Bangkok United	2	0	2
	Yokohama F. Marinos (a.e.t.)	2	1	3
																			Yokohama F. Marinos	2	1	3
																			Al Ain	1	5	6
	Nasaf	0	1	1
	Al Ain	0	2	2
							Al Ain (p)	1	3	4 (3)
							Al Nassr	0	4	4 (1)
	Al-Fayha	0	0	0
	Al Nassr	1	2	3
													Al Ain	4	1	5
													Al Hilal	2	2	4
	Sepahan	1	1	2
	Al Hilal	3	3	6
							Al Hilal	2	2	4
							Al-Ittihad	0	0	0
	Navbahor	0	1	1
	Al-Ittihad	0	2	2

Round of 16

Summary

The first legs were played on 13–15 February, and the second legs were played on 20–22 February 2024.

West Region

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Nasaf	1–2	Al Ain	0–0	1–2
Al-Fayha	0–3	Al Nassr	0–1	0–2
Sepahan	2–6	Al Hilal	1–3	1–3
Navbahor	1–2	Al-Ittihad	0–0	1–2

East Region

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Jeonbuk Hyundai Motors	3–1	Pohang Steelers	2–0	1–1
Ulsan Hyundai	5–1	Ventforet Kofu	3–0	2–1
Shandong Taishan	6–5	Kawasaki Frontale	2–3	4–2
Bangkok United	2–3	Yokohama F. Marinos	2–2	0–1 (a.e.t.)

West Region

Nasaf	0–0	Al Ain
	Report

Al Ain	2–1	Nasaf
Laba 55' Rahimi 90+2'	Report	Mozgovoy 51'

Al Ain won 2–1 on aggregate.

Al-Fayha	0–1	Al Nassr
	Report	Ronaldo 81'

Al Nassr	2–0	Al-Fayha
Otávio 17' Ronaldo 86'	Report

Al Nassr won 3–0 on aggregate.

Sepahan	1–3	Al Hilal
Rezaeian 37'	Report	Malcom 57' Mitrović 90+4' Al-Hamdan 90+7'

Al Hilal	3–1	Sepahan
S. Al-Dawsari 76' Neves 82' Mitrović 90+7'	Report	Ahmadzadeh 54'

Al Hilal won 6–2 on aggregate.

Navbahor	0–0	Al-Ittihad
	Report

Al-Ittihad	2–1	Navbahor
Hamdallah 45+6' Tabatadze 87' (o.g.)	Report	Benzema 25' (o.g.)

Al-Ittihad won 2–1 on aggregate.

East Region

Jeonbuk Hyundai Motors	2–0	Pohang Steelers
Hernandes 17' Ahn Hyeon-beom 64'	Report

Pohang Steelers	1–1	Jeonbuk Hyundai Motors
Park Chan-yong 12'	Report	Jeong Tae-wook 76'

Jeonbuk Hyundai Motors won 3–1 on aggregate.

Ulsan Hyundai	3–0	Ventforet Kofu
Joo Min-kyu 37', 45' (pen.) Seol Young-woo 61'	Report

Ventforet Kofu	1–2	Ulsan Hyundai
Mitsuhira 88'	Report	Kim Ji-hyeon 11' Joo Min-kyu 90+4'

Ulsan Hyundai won 5–1 on aggregate.

Shandong Taishan	2–3	Kawasaki Frontale
Fernandinho 67' Jadson 85'	Report	Erison 28' (pen.) Marcinho 33' Ienaga 79'

Kawasaki Frontale	2–4	Shandong Taishan
Miura 30' Erison 59'	Report	Cryzan 8', 73' Gao Zhunyi 25' Jadson 90+7'

Shandong Taishan won 6–5 on aggregate.

Bangkok United	2–2	Yokohama F. Marinos
Nitipong 35' Mahmoud Eid 90+2'	Report	Élber 18' Watanabe 24'

Yokohama F. Marinos	1–0 (a.e.t.)	Bangkok United
Anderson Lopes 120+2' (pen.)	Report

Yokohama F. Marinos won 3–2 on aggregate.

Quarter-finals

Summary

The first legs were played on 4–6 March 2024, and the second legs were played on 11–13 March 2024.

West Region

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Al Ain	4–4 (3–1 p)	Al Nassr	1–0	3–4 (a.e.t.)
Al Hilal	4–0	Al-Ittihad	2–0	2–0

East Region

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Jeonbuk Hyundai Motors	1–2	Ulsan Hyundai	1–1	0–1
Shandong Taishan	1–3	Yokohama F. Marinos	1–2	0–1

West Region

Al Ain	1–0	Al Nassr
Rahimi 44'	Report

Al Nassr	4–3 (a.e.t.)	Al Ain
Ghareeb 45+5' Eisa 51' (o.g.) Telles 72' Ronaldo 118' (pen.)	Report	Rahimi 28', 45' Al-Shamsi 103'
Penalties
Brozović Telles Ronaldo Otávio	1–3	Rahimi Kaku Al-Shamsi

4–4 on aggregate; Al Ain won 3–1 on penalties.

Al Hilal	2–0	Al-Ittihad
Mitrović 40' (pen.) S. Al-Dawsari 42'	Report

Al-Ittihad	0–2	Al Hilal
	Report	Al-Shahrani 61' Malcom 90+5'

Al Hilal won 4–0 on aggregate.

East Region

Jeonbuk Hyundai Motors	1–1	Ulsan Hyundai
Song Min-kyu 4'	Report	Lee Myung-jae 77'

Ulsan Hyundai	1–0	Jeonbuk Hyundai Motors
Seol Young-woo 45+2'	Report

Ulsan Hyundai won 2–1 on aggregate.

Shandong Taishan	1–2	Yokohama F. Marinos
Chen Pu 90+1'	Report	Anderson Lopes 7' Yan Matheus 69'

Yokohama F. Marinos	1–0	Shandong Taishan
Anderson Lopes 75'	Report

Yokohama F. Marinos won 3–1 on aggregate.

Semi-finals

Summary

The first legs were played on 17 April, and the second legs were played on 23 and 24 April 2024.

West Region

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Al Ain	5–4	Al Hilal	4–2	1–2

East Region

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Ulsan Hyundai	3–3 (4–5 p)	Yokohama F. Marinos	1–0	2–3 (a.e.t.)

West Region

Al Ain	4–2	Al Hilal
Rahimi 6', 26' (pen.), 38' (pen.) Kaku 56' (pen.)	Report	Malcom 49' S. Al-Dawsari 78'

Al Hilal	2–1	Al Ain
Neves 4' (pen.) S. Al-Dawsari 51'	Report	Erik 12'

Al Ain won 5–4 on aggregate.

East Region

Ulsan Hyundai	1–0	Yokohama F. Marinos
Lee Dong-gyeong 19'	Report

Yokohama F. Marinos	3–2 (a.e.t.)	Ulsan Hyundai
Uenaka 13', 30' Anderson Lopes 21'	Report	Matheus Sales 35' Bojanić 42' (pen.)
Penalties
Anderson Lopes Mizunuma Matsubara Amano Eduardo	5–4	Ádám Kelvin Ko Seung-beom Lee Chung-yong Kim Min-woo

3–3 on aggregate; Yokohama F. Marinos won 5–4 on penalties.

Final

The East Region team hosted the first leg as pre-determined on a rotation basis.

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Yokohama F. Marinos	3–6	Al Ain	2–1	1–5

Yokohama F. Marinos	2–1	Al Ain
Uenaka 72' Watanabe 84'	Report	Abbas 12'

Al Ain	5–1	Yokohama F. Marinos
Rahimi 8', 67' Kaku 33' (pen.) Laba 90+1', 90+5'	Report	Yan Matheus 40'

Al Ain won 6–3 on aggregate.

Notes

1. To comply with AFC requirements, Al-Fayha used Prince Faisal bin Fahd Stadium instead of their home ground.
2. To comply with AFC requirements, Ventforet Kofu used Japan National Stadium instead of their home ground.
3. The match was postponed from 16 April due to adverse weather conditions.

References

1. ^ "Asian Football Calendar (Aug 2023 – Jul 2024)". The AFC. Retrieved 4 August 2023.
2. "Competition Regulations - AFC Champions League 2023/24" (PDF). the AFC. Retrieved 10 December 2023.
3. "Al-Ain v Al-Hilal Asian Champions League semi-final postponed due to bad weather". Reuters. 16 April 2024. Retrieved 18 April 2024.

• 2023–24 AFC Champions League