The 1962–63 European Cup was the eighth season of the European Cup, a football competition for European clubs. The competition was won by Milan, who beat two-time defending champions Benfica in the final at Wembley Stadium in London. Milan's victory was the first by an Italian club.

The UEFA Champions League is an annual club association football competition organised by the Union of European Football Associations (UEFA) and contested by top-division European clubs, deciding the competition winners through a round robin group stage to qualify for a double-legged knockout format, and a single leg final. It is the most-watched club competition in the world and the third most-watched football competition overall, behind only the UEFA European Championship and the FIFA World Cup. It is one of the most prestigious football tournaments in the world and the most prestigious club competition in European football, played by the national league champions of their national associations.