The 2000–01 UEFA Champions League was the 46th season of the UEFA Champions League, UEFA's premier European club football tournament, and the ninth since it was rebranded from the "European Champion Clubs' Cup" or "European Cup". The competition was won by Bayern Munich for their first title since 1976, defeating Valencia 5–4 on penalties after a 1–1 draw after extra time. It was the German club's first UEFA Champions League title and their fourth European Cup overall; Valencia suffered their second consecutive final defeat, having lost to Real Madrid in the previous season. The knockout phase saw Bayern eliminate the preceding two Champions League winners, Manchester United and Real Madrid, winning all four games in the process. Valencia, meanwhile, defeated English sides Arsenal and Leeds United in the knockout phase en route to the final.

The 2001 UEFA Champions League final was a football match that took place at San Siro in Milan, Italy, on 23 May 2001, to decide the winner of the 2000–01 UEFA Champions League. The match pitted German side Bayern Munich against Spanish side Valencia. The match finished in a 1–1 draw, but Bayern clinched their fourth title by winning 5–4 on penalties. This was also their first European Cup title in a quarter-century, also representing Valencia's second consecutive final defeat. As all the goals in the match were scored from penalties, with also Bayern Munich missing a penalty in normal time and a penalty shoot-out was required to decide the winner, this UEFA Champions League match became an "all-penalty" final. The 2001 final was a meeting of the two previous seasons' losing finalists – Bayern Munich lost to Manchester United in 1999 and Valencia lost to Real Madrid in 2000.