The new home of Atletico Madrid and the Olympic stadium in the capital of Azerbaijan will compete for the right to stage the showpiece match in the continent's top club competition.
The two countries also hope to host the Europa League, with Sevilla's Estadio Ramon Sanchez Pizjuan put forward along with the same Baku venue and the Besiktas Arena in Istanbul, Turkey.
A decision on the venue will be made by UEFA's Executive Committee on Sept. 21.
The 2018 Champions League final will be hosted in Kiev, Ukraine and the Europa League showpiece in Lyon, France.
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