The 2007–08 season was Futebol Clube do Porto's 97th competitive season, 74th consecutive season in the top flight of Portuguese football, and 114th year in existence as a football club.

Porto's season began on 11 August 2007 with the Supertaça Cândido de Oliveira. The Azuis e Brancos were defeated by Sporting CP, 1–0. Porto's league campaign began a week later on the 18. Going into the 2007–08 season, Porto were the holders of the Primeira Liga after claiming the league title on the last day of the season. The 2007–08 league campaign saw the Portistas claim a 23rd Portuguese top-flight title on 5 April 2008 over Estrela da Amadora.

Porto competed in the two domestic cups, the Taça de Portugal and the Taça da Liga. In the Taça de Portugal, the Dragões progressed through five rounds to reach the final, where they were defeated by Sporting CP at the Jamor. Porto entered the Taça da Liga in the third round, where they were eliminated by Liga de Honra side Fátima.

In Europe, Porto progressed through a group consisting of Liverpool, Marseille and Beşiktaş to reach the first knockout round. For a second consecutive season in a row, Porto were eliminated at the first knockout round stage as they would lose on penalties to German side Schalke after 1–1 scoreline over two legs.

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