All 16 Ukrainian Premier League clubs do not have to go through qualification to get into the competition, so Dynamo and Shakhtar both qualified for the competition automatically.
Prior to the 2007 Cup Final, Dynamo and Shakhtar had met three times in previous Ukrainian Cup finals. Dynamo had defeated Shakhtar two times, since losing their very first meeting. In both of those meetings Dynamo was victorious 2–1. Shakhtar's best performance against Dynamo was back in the 2002 final, when the Miners were able to down the legendary Dynamo team in extra time 3–2. It was the first meeting between the team managers in this competition.