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| 1st(1st leg) | Athletic Club | - | Manchester United | 5:3 (3:0) | ||
| 2nd (2nd leg) | Manchester United | - | Athletic Club | 3:0 (1:0) | ||
| 1st(1st leg): 16/01/1957 | 2nd (2nd leg): 06/02/1957 | Winner: Manchester United | ||||
| 1st(1st leg) | ACF Fiorentina | - | Grasshopper Club Zürich | 3:1 (3:1) | ||
| 2nd (2nd leg) | Grasshopper Club Zürich | - | ACF Fiorentina | 2:2 (1:1) | ||
| 1st(1st leg): 06/02/1957 | 2nd (2nd leg): 27/02/1957 | Winner: ACF Fiorentina | ||||
| 1st(1st leg) | Real Madrid | - | OGC Nice | 3:0 (1:0) | ||
| 2nd (2nd leg) | OGC Nice | - | Real Madrid | 2:3 (1:1) | ||
| 1st(1st leg): 14/02/1957 | 2nd (2nd leg): 14/03/1957 | Winner: Real Madrid | ||||
| 1st(1st leg) | Crvena Zvezda | - | CDNA Sofia | 3:1 (2:0) | ||
| 2nd (2nd leg) | CDNA Sofia | - | Crvena Zvezda | 2:1 (2:1) | ||
| 1st(1st leg): 17/02/1957 | 2nd (2nd leg): 24/02/1957 | Winner: Crvena Zvezda | ||||
