| 1991 | Pirouzi (Iran) | Al Muharraq (Bahrain) |
| 1992 | Nissan (Japan) | Al Nassr (Saudi Arabia) |
| 1993 | Yokohama Marinos (Japan) | Pirouzi (Iran) |
| 1994 | Al Qadisiya (Saudi Arabia) | South China (Hong Kong) |
| 1995 | Yokohama Flugels (Japan) | Al Shaab (UAE) |
| 1996 | Bellmare Hiratsuka (Japan) | Al Talaba (Iraq) |
| 1997 | Al Hilal (Saudi Arabia) | Nagoya Grampus Eight (Japan) |
| 1998 | Al Nassr (Saudi Arabia) | Suwon Bluewings (South Korea) |
| 1999 | Al Ittihad (Saudi Arabia) | Chunnam Dragons (South Korea) |
| 2000 | Shimizu S-Pulse (Japan) | Al Zawraa (Iraq) |
| 2001 | Al Shabab (Saudi Arabia) | Dalian Shide (China) |
| 2002 | Al Hilal (Saudi Arabia) | Chonbuk Motors (South Korea) |
