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The 2006–07 ULEB Cup was the fifth season of the second-tier level European professional club basketball competition, the EuroCup. The second-tier level EuroCup is the European-wide league level that is one tier below the EuroLeague level. It featured 24 basketball clubs, from 15 countries. Real Madrid defeated Lietuvos rytas in the final, by a score of 87–75, to lift the trophy.
This season's ULEB Cup featured a total of 24 teams, divided into four groups of six. The round-robin group stage was followed by knock-out stages. The regular season began in October 2002.
Regular season
The 24 teams played a round-robin tournament competition (home and away). Four teams from each group advanced to the knock-out stage (quarter-finals).
Top 16
The winners from eighth-finals advanced to the quarterfinals. The matches were played at two games (home and away). The match winner was determined by point differential.
Quarterfinals
The winners from quarterfinals advanced to the semifinals. The matches were played at two games (home and away). The match winner was determined by point differential.
Semifinals
The winners from semifinals advanced to the finals. The matches were played at two games (home and away). The match winner was determined by point differential.