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| I | Sporting CP | - | Colonia | 1:1 (0:0) | ||
| V | Colonia | - | Sporting CP | 2:0 (2:0) | ||
| I: 04.03.1986 | V: 18.03.1986 | Campeones: Colonia | ||||
| I | Real Madrid | - | Neuchâtel Xamax FC | 3:0 (1:0) | ||
| V | Neuchâtel Xamax FC | - | Real Madrid | 2:0 (1:0) | ||
| I: 05.03.1986 | V: 19.03.1986 | Campeones: Real Madrid | ||||
| I | Inter | - | Nantes | 3:0 (1:0) | ||
| V | Nantes | - | Inter | 3:3 (3:1) | ||
| I: 05.03.1986 | V: 19.03.1986 | Campeones: Inter | ||||
| I | Hajduk Split | - | KSV Waregem | 1:0 (1:0) | ||
| V | KSV Waregem | - | Hajduk Split | 5:4 (0:0, 1:0, 1:0) pn. | ||
| I: 05.03.1986 | V: 19.03.1986 | Campeones: KSV Waregem | ||||
