| 1. Round | 13/09/1972 | Crvena Zvezda | - | Lausanne Sports | 5:1 | ||||
| 1. Round | 27/09/1972 | Lausanne Sports | - | Crvena Zvezda | 3:2 | ||||
| 2. Round | 25/10/1972 | Crvena Zvezda | - | Valencia CF | 3:1 |  |
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| 2. Round | 08/11/1972 | Valencia CF | - | Crvena Zvezda | 0:1 | ||||
| Round of 16 | 29/11/1972 | Tottenham Hotspur | - | Crvena Zvezda | 2:0 | ||||
| Round of 16 | 13/12/1972 | Crvena Zvezda | - | Tottenham Hotspur | 1:0 |
Serbia