Watford as a Premier League team started in the third round. They were drawn away at National League South side Woking. At the Kingfield Stadium Watford won 2-0 due to goals from Will Hughes and Troy Deeney. ^[1] In the next round they played fellow Premier League Newcastle United away. At St James's Park, Watford progressed due to a 2-0 win with goals from Andre Gray and Isaac Success. ^[2] In the fifth round they played Football League Championship Queen's Park Rangers away. At Loftus Road, Watford won 1-0 due to an Etienne Capoue goal. ^[3] In the quarter finals they played fellow Premier League Crystal Palace at home. At their Vicarage Road, Watford won 2-1 with a goal each from Capoue and Gray. ^[4] At neutral Wembley stadium against fellow Premier League Wolverhampton Wanderers, they won X-X to reach the final.

Wolverhampton Wanderers as a Premier League team started in the third round. They were drawn with fellow Premier League Liverpool at home. At their Molineux Stadium, Wolverhampton won 2-1 due to goals from Raul Jimenez and Ruben Neves. ^[5] In the next round they were drawn away at Football League One Shrewsbury Town. After a 2-2 draw at New Meadow, Wolverhampton won the replay at Molineux 3-2 due to two goals from Matt Doherty and one from Ivan Cavaleiro. ^[6] In the fifth round, they were drawn away at Football League Championship Bristol City. At Ashton Gate, they won 1-0 due to a goal from Cavaleiro. ^[7] In the quarter-finals they were drawn with fellow Premier League Manchester United at home. Wolverhampton reached the semi-finals after a 2-1 win with goals from Jimenez and Jota. ^[8] At neutral Wembley stadium against fellow Premier League Watford, they won X-X to reach the final.