The 1987–88 season and 31st of the FIBA European Champions Cup was won by Tracer Milano after beating Maccabi Elite 90-84. It was the first season in the competition's modern era where the Final Four format was used to decide the champion. It was held at Flanders Expo Pavilion in Ghent, Belgium on 5–7 April 1988. Bob McAdoo was named Final Four MVP.