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The 2023-24 Liga Portugal 2, also known as Liga Portugal SABSEG for sponsorship reasons, is the 34th season of Portuguese football's second-tier league, and the third season under the current Liga Portugal 2 title. A total of 18 teams are competing in this division, including reserve sides from top-flight Primeira Liga teams.
A total of 18 teams contest the league. Marítimo, Paços de Ferreira and Santa Clara were relegated to 2023-24 Liga Portugal 2 after finishing in 16th, 17th and 18th placed teams in 2022-23 Primeira Liga.
União de Leiria (promoted after an eleven-year absence), Belenenses (promoted after a ten-year absence) were promoted from the 2022-23 Liga 3 and Länk Vilaverdense (promoted for the first time in history), replacing B-SAD (relegated after one year on the second tier), Trofense (relegated after two years on the second tier) and Sp. Covilhã (relegated after fifteen years on the second tier).
B-SAD sports society's licence was relocated to Cova da Piedade, as a result of a fusion. Vilafranquense SAD, due to disputes with the club, relocated its team to the stadium of Desportivo das Aves 1930. However, it is not a fusion, as Aves will have no participation in the SAD or in running the team. Vilafranquense's SAD will change its name to match the new location, and Vilafranquense club will form a new team in Lisbon's regional divisions.
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