The 2008 AFC Champions League knockout stage was played from 17 September to 12 November 2008. A total of eight teams competed in the knockout stage to decide the champions of the 2008 AFC Champions League.
The winners of each of the seven groups in the group stage qualified for the knockout stage. West Asia Zone had four teams qualified, East Asia Zone had three plus the title holders.
Urawa Red Diamonds (Defending champions)
Bunyodkor (Group A winner)
Saipa (Group B winner)
Al-Karamah (Group C winner)
Al Qadsia (Group D winner)
Adelaide United (Group E winner) Kashima Antlers (Group F winner) Gamba Osaka (Group G winner)| Quarter-finals | Semi-finals | Final | ||||||||||||||||||
| 1 | Al-Karamah | 1 | 0 | 1 | ||||||||||||||||
| 8 | Gamba Osaka | 2 | 2 | 4 | ||||||||||||||||
| Gamba Osaka | 1 | 3 | 4 | |||||||||||||||||
| Urawa Red Diamonds | 1 | 1 | 2 | |||||||||||||||||
| 4 | Al Qadisiya | 3 | 0 | 3 | ||||||||||||||||
| 5 | Urawa Red Diamonds (2007 Champion) | 2 | 2 | 4 | ||||||||||||||||
| Gamba Osaka | 3 | 2 | 5 | |||||||||||||||||
| Adelaide United | 0 | 0 | 0 | |||||||||||||||||
| 3 | Kashima Antlers | 1 | 0 | 1 | ||||||||||||||||
| 6 | Adelaide United | 1 | 1 | 2 | ||||||||||||||||
| Adelaide United | 3 | 0 | 3 | |||||||||||||||||
| Bunyodkor | 0 | 1 | 1 | |||||||||||||||||
| 2 | Saipa | 2 | 1 | 3 | ||||||||||||||||
| 7 | Bunyodkor | 2 | 5 | 7 | ||||||||||||||||
The first leg matches were played on 17 September, and the second leg matches were played on 24 September 2008.
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
| Al-Karamah | 1–4 | Gamba Osaka | 1–2 | 0–2 |
| Al Qadisiya | 3–4 | Urawa Red Diamonds | 3–2 | 0–2 |
| Saipa | 3–7 | Bunyodkor | 2–2 | 1–5 |
| Kashima Antlers | 1–2 | Adelaide United | 1–1 | 0–1 |
| Kashima Antlers | 1–1 | Adelaide United |
|---|---|---|
Cornthwaite  45+2' (o.g.) | Report | Dodd 37' |
| Saipa | 2–2 | Bunyodkor |
|---|---|---|
| Razzaghi-Rad 19' Rahmati 40' | Report | Villanueva 12' Rivaldo 20' |
| Al-Karamah | 1–2 | Gamba Osaka |
|---|---|---|
| Abduldaim 7' | Report | Yamaguchi 70' Yamazaki 77' |
| Al Qadisiya | 3–2 | Urawa Red Diamonds |
|---|---|---|
| Al Ebrahim 18' Ben Achour 57'Al-Mutairi 84' (pen.) | Report | Edmilson 33', 90' |
| Bunyodkor | 5–1 | Saipa |
|---|---|---|
| Villanueva 9', 19' (pen.), 52' Rivaldo 45' (pen.)Luizão 68' | Report | Mirghorbani 47' |
Bunyodkor won 7–3 on aggregate.
| Gamba Osaka | 2–0 | Al-Karamah |
|---|---|---|
| Yamazaki 83' Roni 85' | Report |
Gamba Osaka won 4–1 on aggregate.
| Urawa Red Diamonds | 2–0 | Al Qadisiya |
|---|---|---|
| Soma 31' Tulio 54' | Report |
Urawa Red Diamonds won 4–3 on aggregate.
Adelaide United won 2–1 on aggregate.
The first leg matches were played on 8 October, and the second leg matches were played on 22 October 2008.
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
| Gamba Osaka | 4–2 | Urawa Red Diamonds | 1–1 | 3–1 |
| Adelaide United | 3–1 | Bunyodkor | 3–0 | 0–1 |
| Gamba Osaka | 1–1 | Urawa Red Diamonds |
|---|---|---|
| Endō 81' (pen) | Report | Hosogai 22' |
| Bunyodkor | 1–0 | Adelaide United |
|---|---|---|
| Soliev 78' | Report |
Adelaide United won 3–1 on aggregate.
| Urawa Red Diamonds | 1–3 | Gamba Osaka |
|---|---|---|
| Takahara 36' | Report | Yamaguchi 51' Myojin 72'Endō 77' |
Gamba Osaka won 4–2 on aggregate.
The first and second legs of the final were scheduled to be played on 5 November and 12 November 2008, respectively.
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
| Gamba Osaka | 5–0 | Adelaide United | 3–0 | 2–0 |
| Gamba Osaka | 3–0 | Adelaide United |
|---|---|---|
| Lucas 37' Endo 43'Yasuda 68' | Report |
| Adelaide United | 0–2 | Gamba Osaka |
|---|---|---|
| Lucas 4', 15' |
Gamba Osaka won 5–0 on aggregate.
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