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| I | 1. FC Magdeburg | - | TPS Turku | 6:0 (4:0) | ||
| V | TPS Turku | - | 1. FC Magdeburg | 1:3 (0:0) | ||
| I: 13.09.1972 | V: 27.09.1972 | Campeones: 1. FC Magdeburg | ||||
| I | Aris Bonnevoie | - | Argeș Pitești | 0:2 (0:0) | ||
| V | Argeș Pitești | - | Aris Bonnevoie | 4:0 (3:0) | ||
| I: 13.09.1972 | V: 27.09.1972 | Campeones: Argeș Pitești | ||||
| I | Sliema Wanderers | - | Górnik Zabrze | 0:5 (0:3) | ||
| V | Górnik Zabrze | - | Sliema Wanderers | 5:0 (2:0) | ||
| I: 13.09.1972 16:00 | V: 27.09.1972 15:30 | Campeones: Górnik Zabrze | ||||
| I | Újpesti Dózsa SC | - | Basilea | 2:0 (0:0) | ||
| V | Basilea | - | Újpesti Dózsa SC | 3:2 (0:0) | ||
| I: 13.09.1972 17:30 | V: 27.09.1972 20:00 | Campeones: Újpesti Dózsa SC | ||||
| I | CSKA Sofia | - | Panathinaikos | 2:1 (1:0) | ||
| V | Panathinaikos | - | CSKA Sofia | 0:2 (0:1) | ||
| I: 13.09.1972 18:00 | V: 27.10.1972 14:00 | Campeones: CSKA Sofia | ||||
| I | Waterford AFC | - | Omonia Nikosia | 2:1 (2:0) | ||
| V | Omonia Nikosia | - | Waterford AFC | 2:0 (1:0) | ||
| I: 13.09.1972 18:30 | V: 27.09.1972 14:15 | Campeones: Omonia Nikosia | ||||
| I | Galatasaray | - | Bayern Múnich | 1:1 (0:0) | ||
| V | Bayern Múnich | - | Galatasaray | 6:0 (3:0) | ||
| I: 13.09.1972 19:00 | V: 27.09.1972 20:00 | Campeones: Bayern Múnich | ||||
| I | Malmoe | - | Benfica | 1:0 (1:0) | ||
| V | Benfica | - | Malmoe | 4:1 (3:0) | ||
| I: 13.09.1972 19:00 | V: 27.09.1972 22:45 | Campeones: Benfica | ||||
| I | SSW Innsbruck | - | Dinamo Kiev | 0:1 (0:0) | ||
| V | Dinamo Kiev | - | SSW Innsbruck | 2:0 (1:0) | ||
| I: 13.09.1972 19:30 | V: 27.09.1972 18:00 | Campeones: Dinamo Kiev | ||||
| I | RSC Anderlecht | - | Vejle BK | 4:2 (1:0) | ||
| V | Vejle BK | - | RSC Anderlecht | 0:3 (0:0) | ||
| I: 13.09.1972 20:00 | V: 27.09.1972 19:30 | Campeones: RSC Anderlecht | ||||
| I | Derby County | - | Željezničar Sarajevo | 2:0 (1:0) | ||
| V | Željezničar Sarajevo | - | Derby County | 1:2 (0:2) | ||
| I: 13.09.1972 20:30 | V: 27.09.1972 18:30 | Campeones: Derby County | ||||
| I | Marsella | - | Juventus | 1:0 (0:0) | ||
| V | Juventus | - | Marsella | 3:0 (3:0) | ||
| I: 13.09.1972 20:30 | V: 27.09.1972 21:00 | Campeones: Juventus | ||||
| I | Real Madrid | - | ÍB Keflavík | 3:0 (2:0) | ||
| V | ÍB Keflavík | - | Real Madrid | 0:1 (0:0) | ||
| I: 13.09.1972 20:30 | V: 27.09.1972 18:30 | Campeones: Real Madrid | ||||
| I | Celtic FC | - | Rosenborg BK | 2:1 (2:0) | ||
| V | Rosenborg BK | - | Celtic FC | 1:3 (1:0) | ||
| I: 13.09.1972 20:45 | V: 27.09.1972 19:30 | Campeones: Celtic FC | ||||
