Until Jardel's winning strike, the match had been a tale of two penalties as Jardel and Raúl both fired spot-kicks home for either side. The Turks took the lead in the 41st minute when Jardel beat Real goalkeeper Iker Casillas after Iván Campo was adjudged to have bundled over Hakan Ünsal inside the penalty area. But Real replied 11 minutes from full-time when Raúl drilled the ball past Cláudio Taffarel after Suat Kaya was ruled to have handled Sávio's attempted cross. However, Jardel, signed from FC Porto to replace the departed Hakan Şükür, enhanced his reputation even further when he turned home substitute Fatih Akyel's low cross from the right past Casillas from eight metres in extra-time much to the delight of the assembled Turkish contingent.
Real Madrid, last season's UEFA Champions League winners, had the majority of both possession and scoring chances, but were unable to fashion a goal despite several attempts on goal by recent signing Luís Figo. The Spaniards, for whom Iván Helguera joined Iván Campo at the centre of their defence, offered more attacking threat from the kick-off, with Figo shooting narrowly over Taffarel's crossbar from 16 metres after Austrian official Günter Benkö decided to play advantage, despite the raised flag of his assistant in the 12th minute. Moments later, Figo again shot over from a free-kick after Guti had been upended 20 metres from goal. Galatasaray responded with a quick counter when Gheorghe Hagi nodded Taffarel's hurried clearance towards Jardel, but Campo hurried across to avert any danger.
Raúl then squandered Real's best chance of the half in the 16th minute with virtually his first touch of the match. Roberto Carlos swung in a low cross from midway inside the Galatasaray half that threaded its way to Raúl at the far post, but the Spanish international blazed over from close range. By now, Real were beginning to assume control, with Figo again lofting the ball over from a free-kick, Sávio testing Taffarel with a shot from an acute angle on the left, and Geremi heading a ball into the arms of Taffarel from Figo's corner, all in the space of three minutes.
The Turks, contesting the match as UEFA Cup holders, broke the siege in the 25th minute when Gheorghe Hagi's cross from the left found the head of Ümit Davala, but his effort sailed across goal without unduly troubling Iker Casillas. The move seemed to signal a Turkish revival with Hagi's rasping 25-metre drive palmed behind by Casillas in the 38th minute after the Romanian international was given the time and space to tee up his goal attempt from a worked free-kick. Hagi and Jardel then combined inside the penalty area to play in Okan Buruk, but his shot was charged down, as was Bülent Korkmaz's effort from the rebound before the Turkish side finally found the target.
Real's first goal attempt of the second half fell to Roberto Carlos, who swerved the ball into the arms of the waiting Taffarel from 30 metres after Okan was penalised for fouling Sávio. However, Galatasaray should have extended their lead in the 58th minute when Bülent volleyed the ball over the angle of post and bar from five metres when well-placed. Pedro Munitis, substituted in for the disappointing Guti, then helped to set up Raúl in the 63rd minute, but like Bülent moments before him, was guilty of a dreadful miss from seven metres as his effort failed to test Taffarel.
The Spaniards began to look more desperate to score as the match developed, with Claude Makélélé unable to find the target after sidestepping a half-hearted challenge to shoot wide from 12 metres out, shortly before they were thrown a lifeline when Austrian official Benkö pointed to the spot. Raúl left nothing to chance as he drilled the ball past Taffarel for the equaliser.
Both sides attempted to avoid extra-time by throwing attackers forward in the final minutes with Suat Kaya and substitute Hasan Şaş close for Galatasaray, while at the other end, Taffarel had to dive smartly to his left three minutes from time to turn Albert Celades' six-metre shot around the post following some good work by Pedro Munitis.