The 2007 Regions Morgan Keegan Championships and the Cellular South Cup were tennis tournaments played on indoor hard courts. It was the 32nd edition of the Regions Morgan Keegan Championships, the 22nd edition of the Cellular South Cup, and was part of the International Series Gold of the 2007 ATP Tour, and of the Tier III Series of the 2007 WTA Tour. Both the men's and the women's events took place at the Racquet Club of Memphis in Memphis, Tennessee, United States, from February 17 through February 25, 2007.