Scheduled to be held from February 10 to 12, four regional club league champions - Lenovo Tenerife, Rio Grande Valley Vipers, São Paulo and U.S. Monastir - will be battling it out for the title.

Matches will take place at the Pabellon Insular Santiago Martin, the same venue that hosted the 2020 edition of the event.

"The FIBA Intercontinental Cup is at the forefront of FIBA's strategic endeavors to shape the landscape of international club competitions for the good of the game globally," commented FIBA Secretary General Andreas Zagklis.

"This edition will mark only the second club tournament in basketball history to feature contenders representing four different regional competitions, building on the success of last year's milestone event in Egypt, the first ever to be held in Africa," Mr. Zagklis added.

The draw for the 32nd edition of the event will take place in early January 2023.

Lenovo Tenerife will be hoping to add a third title to their bag next year.

Last year, Flamengo of Brazil became the first club outside of Europe and the USA to win multiple FIBA Intercontinental Cup titles.

Spanish giants Real Madrid, with five trophies, are the most-successful side in the competition.

Rio Grande Valley Vipers, the 2022 NBA G League champions, are the only other contender with prior experience of the event - and the venue, for that matter - as they took part in the 2020 edition, which was also staged in Tenerife.

U.S. Monastir are set to make history as the first ever Tunisian club and only the second club from Africa, after Egypt's Zamalek, to compete in the FIBA Intercontinental Cup, courtesy of their amazing conquest of the BAL trophy in 2022.

Brazil's São Paulo meanwhile will certainly land in Tenerife having proven they are fearless newcomers, as they will make their FIBA Intercontinental Cup debut on the back of conquering the BCL Americas crown in their first ever campaign in the competition.