| Year | Club | Runner Up |
| 1996 | Yokohama Flugels (Japan) | Thai Farmers Bank (Thailand) |
| 1997 | Ilhwa Chunma (South Korea) | Bellmare Hiratsuka (Japan) |
| 1998 | Al Hilal (Saudi Arabia) | Pohang Steelers (South Korea) |
| 1999 | Al Nassr (Saudi Arabia) | Pohang Steelers (South Korea) |
| 2000 | Jubilo Iwata (Japan) | Al Ittihad (Saudi Arabia) |
| 2001 | Al Hilal (Saudi Arabia) | Shimizu S-Pulse (Japan) |
| 2002 | Suwon Bluewings (South Korea) | Al Shabab (Saudi Arabia) |
| 2003 | Suwon Bluewings (South Korea) | Al Hilal (Saudi Arabia) |
