The draw for Euroleague 2008-2009 season Top 16 was completed today putting 16 teams in four groups. The new competition format made it possible to avoid the teams from the same regular season group. Top 16 start next week on Wednesday (January 28).
| Group E | Group F | |
| TAU Ceramica | Regal Barcelona | |
| Olympiacos | Real Madrid | |
| Armani Jeans | Maccabi Tel Aviv | |
| Asseco Prokom | Alba Berlin | |
| Group G | Group H | |
| Unicaja | CSKA Moscow | |
| Lottomatica | Montepaschi | |
| Panathinaikos | Fenerbahce | |
| Partizan | Cibona |
