The slots are allocated by the following criteria according to the Entry Manual: The 47 AFC member associations are ranked based on their clubs' performance over the last four years in AFC competitions (their national team's FIFA World Rankings no longer considered). Urawa Red Diamonds of Japan are the defending champions, having defeated Al Hilal in the 2022 final. Additionally, the winner will enter either the qualifying play-off stage or the League stage of the brand-new 2024–25 AFC Champions League Elite if they have not already qualified through their domestic performance. The tournament winner will qualify for the 2025 FIFA Club World Cup in the United States. This edition sees an increase in numbers of preliminary players with 35 players able to be registered teams will be able to field six foreign players in games, where one of these players must still be from another Asian nation. This season is the first to have an inter-year schedule from September (autumn-to-spring) instead of an intra-year schedule (spring-to-autumn) since the 2002–03 season. The 2023–24 AFC Champions League is the 42nd edition of Asia's premier club football tournament organized by the Asian Football Confederation (AFC), and the 21st and final under the current AFC Champions League title, as the competition will be rebranded as the AFC Champions League Elite starting in 2024–25.
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