This was the first final to feature clubs from Iran and Japan. This was the first AFC Champions League final involving an Iranian club, and the first in an Asian top club football competition since PAS Tehran in the 1992–93 Asian Club Championship. The winners, Urawa Red Diamonds, received US$600,000 prize money and qualified to represent Asia in the 2007 FIFA Club World Cup. Although they were defeated, Sepahan still competed in the FIFA Club World Cup by replacing the host country berth, which is reserved for the J. League champions.
The rules for the final were exactly the same as for the previous knockout rounds. The tie was contested over two legs with away goals deciding the winner if the two teams were level on goals after the second leg. If the teams could still not be separated at that stage then extra time would have been played with a penalty shootout taking place if the teams were still level after that.