The final will be contested between Premier League clubs, Manchester City and Sunderland. Manchester City will appear in their fourth League Cup final, and will make their sixth Wembley visit since 2011. Sunderland will be appearing in their second League Cup final, which will be their first visit to Wembley since 1998 when they lost to Charlton Athletic in the First Division play-off final.

The winner of the final is eligible to qualify for the third qualifying round of the 2014–15 Europa League. If the competition winner qualifies for European competitions via their league position, then the Europa League berth will be given to the club that finishes sixth in the Premier League, not the losing finalist.