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| I | Dinamo Bucureşti | - | Feijenoord | 0:3 (0:2) | ||
| V | Feijenoord | - | Dinamo Bucureşti | 2:0 (0:0) | ||
| I: 20.10.1971 14:15 | V: 03.11.1971 20:30 | Campeones: Feijenoord | ||||
| I | CSKA Moscú | - | Standard Liège | 1:0 (1:0) | ||
| V | Standard Liège | - | CSKA Moscú | 2:0 (1:0) | ||
| I: 20.10.1971 17:30 | V: 03.11.1971 20:00 | Campeones: Standard Liège | ||||
| I | Grasshopper Club Zürich | - | Arsenal | 0:2 (0:1) | ||
| V | Arsenal | - | Grasshopper Club Zürich | 3:0 (1:0) | ||
| I: 20.10.1971 20:00 | V: 03.11.1971 19:30 | Campeones: Arsenal | ||||
| I | Celtic FC | - | Sliema Wanderers | 5:0 (3:0) | ||
| V | Sliema Wanderers | - | Celtic FC | 1:2 (1:1) | ||
| I: 20.10.1971 20:00 | V: 03.11.1971 14:45 | Campeones: Celtic FC | ||||
| I | Marsella | - | AFC Ajax | 1:2 (1:1) | ||
| V | AFC Ajax | - | Marsella | 4:1 (2:1) | ||
| I: 20.10.1971 20:30 | V: 03.11.1971 20:15 | Campeones: AFC Ajax | ||||
| I | Valencia | - | Újpesti Dózsa SC | 0:1 (0:0) | ||
| V | Újpesti Dózsa SC | - | Valencia | 2:1 (0:0) | ||
| I: 20.10.1971 20:30 | V: 03.11.1971 17:00 | Campeones: Újpesti Dózsa SC | ||||
| I | Benfica | - | CSKA Sofia | 2:1 (0:0) | ||
| V | CSKA Sofia | - | Benfica | 0:0 (0:0) | ||
| I: 20.10.1971 22:45 | V: 03.11.1971 17:30 | Campeones: Benfica | ||||
| I | Inter | - | Bor. Mönchengladbach | 4:2 (2:1) | ||
| V | Bor. Mönchengladbach | - | Inter | 0:0 (0:0) | ||
| I: 03.11.1971 21:15 | V: 01.12.1971 20:15 | Campeones: Inter | ||||
