-A two-motor drive, supplied by a five-leg inverter, is considered in the paper. The independent control of machines with full dc-bus voltage utilization is typically achieved using an existing pulse width modulation (PWM) technique in conjunction with field-oriented control, based on PI current control. However, model predictive control (MPC), based on a finite number of control inputs (finite-control-set MPC, FCS-MPC) does not utilize a pulse width modulator. The paper introduces three FCS-MPC schemes for synchronous current control in this drive system. The first scheme uses all the available switching states. The second and the third scheme are aimed at reducing the computational burden and utilize a reduced set of voltage vectors and duty ratio partitioning principle, respectively. Steady-state and transient performance are analyzed and compared both against each other, and with respect to the field-oriented control based on PI controllers and PWM. All analyses are experimental and use the same experimental rig and test conditions. Comparison of the predictive schemes leads to the conclusion that the first two schemes have the fastest transient response. The third scheme has a much smaller current ripple, while achieving perfect control decoupling between the machines, and is of low computational complexity. Nevertheless, at approximately the same switching loss, the PI-PWM control yields the lowest current ripple but with slower electrical transient response.