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| I | Athletic | - | Manchester United | 5:3 (3:0) | ||
| V | Manchester United | - | Athletic | 3:0 (1:0) | ||
| I: 16.01.1957 | V: 06.02.1957 | Campeones: Manchester United | ||||
| I | Fiorentina | - | Grasshopper Club Zürich | 3:1 (3:1) | ||
| V | Grasshopper Club Zürich | - | Fiorentina | 2:2 (1:1) | ||
| I: 06.02.1957 | V: 27.02.1957 | Campeones: Fiorentina | ||||
| I | Real Madrid | - | Niza | 3:0 (1:0) | ||
| V | Niza | - | Real Madrid | 2:3 (1:1) | ||
| I: 14.02.1957 | V: 14.03.1957 | Campeones: Real Madrid | ||||
| I | Crvena Zvezda | - | CDNA Sofia | 3:1 (2:0) | ||
| V | CDNA Sofia | - | Crvena Zvezda | 2:1 (2:1) | ||
| I: 17.02.1957 | V: 24.02.1957 | Campeones: Crvena Zvezda | ||||
