See main article: 2006–07 UEFA Champions League.
All times CET--------------------
Round of 16----
All times CET--------------------
3rd Qualifying Round
Benfica played the 3rd qualifying round on 8 August (first leg) and 22 August (second leg), 2006, against Austria Wien and qualified to the group stage of the Champions League.
Group stageAll times CET--------------------
See main article: 2006–07 UEFA Cup.
Portuguese teams entered the UEFA Cup in the 1st round, immediately after the two qualifying rounds. This year's teams in the UEFA Cup were Sporting de Braga, Nacional, and Vitória de Setúbal. Benfica eventually entered into the Round of 32 after achieving a 3rd-placed finish in its UEFA Champions League group.
The 1st leg was played on 14 September 2006. The 2nd leg was played on 28 September 2006.
| width=20% | ! | width=12% | ||
|---|---|---|---|---|
| 19 October 2006 | ||||
| AZ | 3–0 | Braga | ||
| 2 November 2006 | ||||
| Braga | 4–0 | Slovan Liberec | ||
| 23 November 2006 | ||||
| Sevilla | 2–0 | Braga | ||
| 14 December 2006 | ||||
| Braga | 2–0 | Grasshopper |
The first leg was held on 14th or 15 February 2007, while the second leg was held on 22 February 2007.1 On 7 February, the Italian Government ruled that Parma and Livorno's home fields did not meet requirements following riots held after an Italian Serie A match in Sicily. Livorno played its home leg behind closed doors on 14 February. Parma played its home leg behind closed doors on 22 February.2 Transferred from UEFA Champions League group stage as third-place finishers in their groups.
The first leg will be held on 8 March 2007, while the second leg will be held on 14 or 15 March 2007.