The final took place on 23 May 2001 at the Giuseppe Meazza Stadium in Milan. FC Bayern beat FC Valencia 5-4 on penalties after a 1-1 draw following extra time. Oliver Kahn saved three penalties and built his own monument.
In the semi-final, FCB had previously eliminated holders Real Madrid. Munich won both legs, 1-0 and 3-1.
In November, Bayern claimed the World Club Cup in Tokyo. The hero of the day was defender Sammy Kuffour, who scored the golden goal to make it 1-0 against Boca Juniors of Argentina (in the 110th minute).