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| I | Crvena Zvezda | - | Apollon Limassol | 3:1 (1:1) | ||
| V | Apollon Limassol | - | Crvena Zvezda | 0:2 (0:0) | ||
| I: 23.10.1991 | V: 06.11.1991 | Campeones: Crvena Zvezda | ||||
| I | Dinamo Kiev | - | Brøndby IF | 1:1 (0:1) | ||
| V | Brøndby IF | - | Dinamo Kiev | 0:1 (0:1) | ||
| I: 23.10.1991 | V: 06.11.1991 | Campeones: Dinamo Kiev | ||||
| I | Panathinaikos | - | IFK Göteborg | 2:0 (1:0) | ||
| V | IFK Göteborg | - | Panathinaikos | 2:2 (2:0) | ||
| I: 23.10.1991 | V: 06.11.1991 | Campeones: Panathinaikos | ||||
| I | PSV | - | RSC Anderlecht | 0:0 (0:0) | ||
| V | RSC Anderlecht | - | PSV | 2:0 (1:0) | ||
| I: 23.10.1991 | V: 06.11.1991 | Campeones: RSC Anderlecht | ||||
| I | Kispesti Honved FC | - | Sampdoria | 2:1 (0:0) | ||
| V | Sampdoria | - | Kispesti Honved FC | 3:1 (2:0) | ||
| I: 23.10.1991 | V: 06.11.1991 | Campeones: Sampdoria | ||||
| I | Marsella | - | Sparta Praga | 3:2 (1:0) | ||
| V | Sparta Praga | - | Marsella | 2:1 (1:0) | ||
| I: 23.10.1991 | V: 06.11.1991 | Campeones: Sparta Praga | ||||
| I | Barcelona | - | 1. FC Kaiserslautern | 2:0 (1:0) | ||
| V | 1. FC Kaiserslautern | - | Barcelona | 3:1 (1:0) | ||
| I: 23.10.1991 | V: 06.11.1991 | Campeones: Barcelona | ||||
| I | Benfica | - | Arsenal | 1:1 (1:1) | ||
| V | Arsenal | - | Benfica | 1:3 (1:1, 1:1) pró. | ||
| I: 23.10.1991 | V: 06.11.1991 | Campeones: Benfica | ||||
