| Rk. | Kumpulan I | P | M | S | K | J | B | PG | Mata |
| 1. | Kawasaki Frontale (JPN) | 6 | 5 | 1 | 0 | 17 | 6 | 11 | 16 |
| 2. | Ulsan Hyundai FC (KOR) | 6 | 3 | 1 | 2 | 12 | 8 | 4 | 10 |
| 3. | Johor Darul Ta'zim (MAS) | 6 | 3 | 0 | 3 | 11 | 13 | -2 | 9 |
| 4. | BG Pathum United (THA) | 6 | 0 | 0 | 6 | 9 | 22 | -13 | 0 |
| MD1 - 19 September 2023 (Selasa) | |||
| Ulsan Hyundai FC (KOR) | 3-1 | BG Pathum United (THA) | Ulsan Munsu Football Stadium, Ulsan |
| Johor Darul Ta'zim (MAS) | 0-1 | Kawasaki Frontale (JPN) | Stadium Sultan Ibrahim, Johor Bahru |
| MD2 - 3 Oktober 2023 (Selasa) | |||
| Kawasaki Frontale (JPN) | 1-0 | Ulsan Hyundai FC (KOR) | Kawasaki Todoroki Stadium, Kawasaki |
| BG Pathum United (THA) | 2-4 | Johor Darul Ta'zim (MAS) | Pathum Thani Stadium, Pathum Thani |
| MD3 - 24 Oktober 2023 (Selasa) | |||
| Ulsan Hyundai FC (KOR) | 3-1 | Johor Darul Ta'zim (MAS) | Ulsan Munsu Football Stadium, Ulsan |
| BG Pathum United (THA) | 2-4 | Kawasaki Frontale (JPN) | Pathum Thani Stadium, Pathum Thani |
| MD4 - 7 November 2023 (Selasa) | |||
| Kawasaki Frontale (JPN) | 4-2 | BG Pathum United (THA) | Kawasaki Todoroki Stadium, Kawasaki |
| Johor Darul Ta'zim (MAS) | 2-1 | Ulsan Hyundai FC (KOR) | Stadium Sultan Ibrahim, Johor Bahru |
| MD5 - 28 November 2023 (Selasa) | |||
| Kawasaki Frontale (JPN) | 5-0 | Johor Darul Ta'zim (MAS) | Kawasaki Todoroki Stadium, Kawasaki |
| BG Pathum United (THA) | 1-3 | Ulsan Hyundai FC (KOR) | Pathum Thani Stadium, Pathum Thani |
| MD6 - 12 Disember 2023 (Selasa) | |||
| Ulsan Hyundai FC (KOR) | 2-2 | Kawasaki Frontale (JPN) | Ulsan Munsu Football Stadium, Ulsan |
| Johor Darul Ta'zim (MAS) | 4-1 | BG Pathum United (THA) | Stadium Sultan Ibrahim, Johor Bahru |
Kumpulan
Barat
Kumpulan A: Pakhtakor (UZB), Al Fayha FC (KSA), Ahal FC (TKM), Al Ain FC (UAE)
Kumpulan B: Al Sadd SC (QAT), FC Nasaf (UZB), Al Faisaly (JOR), Sharjah FC (UAE)
Kumpulan C: Al Ittihad (KSA), Sepahan SC (IRN), Air Force Club (IRQ), AGMK FC (UZB)
Kumpulan D: Al Hilal SFC (KSA), Nassaji Mazandaran FC (IRN), Mumbai City FC (IND), Navbahor (UZB)
Kumpulan E: Persepolis FC (IRN), Al Duhail SC (QAT), FC Istiklol (TJK), Al Nassr (KSA)
Timur
Kumpulan F: Jeonbuk Hyundai Motors FC (KOR), Bangkok United (THA), Lion City Sailors (SGP), Kitchee SC (HKG)
Kumpulan G: Yokohama F. Marinos (JPN), Shandong Taishan FC (CHN), Kaya FC-Iloilo (PHI), Incheon United FC (KOR)
Kumpulan H: Buriram United (THA), Ventforet Kofu (JPN), Melbourne City FC (AUS), Zhejiang FC (CHN)
Kumpulan I: Ulsan Hyundai FC (KOR), Kawasaki Frontale (JPN), Johor Darul Ta’zim (MAS), BG Pathum United (THA)
Kumpulan J: Wuhan Three Towns FC (CHN), Pohang Steelers (KOR), Hanoi FC (VIE), Urawa Red Diamonds (JPN)
The 10 group winners along with the three best runners-up of each Zone will book their places in the Knockout Stages, which will take place from February to April before the final is held over two legs on May 11 and 18, 2024.
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