Arsenal and Gotham FC enter the inaugural FIFA Women's Champions Cup as the tournament favorites, with the final four battling in London. Arsenal earned their spot by winning the UEFA Women's Champions League, while Gotham qualified through their NWSL Championship victory and subsequent CONCACAF Women's Champions Cup triumph.

The competition features clubs from all six FIFA confederations, offering the highest-ever single prize in women's club football. The tournament structure includes semifinals, a third-place playoff, and a final. Corinthians (CONMEBOL) and ASFAR (CAF) join the two favorites for the London finale.

Arsenal faces ASFAR in one semifinal, while Gotham meets Corinthians in the other. The winners advance to the final on February 1st. This new event serves as a precursor to the delayed Women's Club World Cup, highlighting FIFA's push for a global club competition calendar.