The Carabao Cup was previously known by different names due to its sponsorship deals. Here are the previous names of the competition:

• Football League Cup (1960-1981)
• Milk Cup (1981-1986)
• Littlewoods Challenge Cup (1986-1990)
• Rumbelows Cup (1990-1992)
• Coca-Cola Cup (1992-1998)
• Worthington Cup (1998-2003)
• Carling Cup (2003-2012)
• Capital One Cup (2012-2016)
• EFL Cup (2016-2017)

In 2017, the energy drink company Carabao signed a deal to sponsor the competition, and it has been known as the Carabao Cup since then.