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| 1st(1st leg) | Rangers FC | - | AS Saint-Étienne | 3:1 (1:1) | ||
| 2nd (2nd leg) | AS Saint-Étienne | - | Rangers FC | 2:1 (1:0) | ||
| 1st(1st leg): 04/09/1957 | 2nd (2nd leg): 25/09/1957 | Winner: Rangers FC | ||||
| 1st(1st leg) | CDNA Sofia | - | Budapesti Vasas | 2:1 (2:0) | ||
| 2nd (2nd leg) | Budapesti Vasas | - | CDNA Sofia | 6:1 (2:1) | ||
| 1st(1st leg): 04/09/1957 | 2nd (2nd leg): 03/10/1957 | Winner: Budapesti Vasas | ||||
| 1st(1st leg) | Stade Dudelange | - | Crvena Zvezda | 0:5 (0:2) | ||
| 2nd (2nd leg) | Crvena Zvezda | - | Stade Dudelange | 9:1 (7:1) | ||
| 1st(1st leg): 05/09/1957 | 2nd (2nd leg): 02/10/1957 | Winner: Crvena Zvezda | ||||
| 1st(1st leg) | Aarhus GF | - | Glenavon FC | 0:0 (0:0) | ||
| 2nd (2nd leg) | Glenavon FC | - | Aarhus GF | 0:3 (0:3) | ||
| 1st(1st leg): 11/09/1957 | 2nd (2nd leg): 25/09/1957 | Winner: Aarhus GF | ||||
| 1st(1st leg) | Gwardia Warszawa | - | SC Wismut Karl-Marx-Stadt | 3:1 (0:0) | ||
| 2nd (2nd leg) | SC Wismut Karl-Marx-Stadt | - | Gwardia Warszawa | 3:1 (2:0) | ||
| 1st(1st leg): 11/09/1957 | 2nd (2nd leg): 13/10/1957 | |||||
| 1st(1st leg) | Sevilla FC | - | SL Benfica | 3:1 (0:0) | ||
| 2nd (2nd leg) | SL Benfica | - | Sevilla FC | 0:0 (0:0) | ||
| 1st(1st leg): 19/09/1957 | 2nd (2nd leg): 26/09/1957 | Winner: Sevilla FC | ||||
| 1st(1st leg) | Shamrock Rovers | - | Manchester United | 0:6 (0:1) | ||
| 2nd (2nd leg) | Manchester United | - | Shamrock Rovers | 3:2 (2:0) | ||
| 1st(1st leg): 25/09/1957 | 2nd (2nd leg): 02/10/1957 | Winner: Manchester United | ||||
| 1st(1st leg) | AC Milan | - | Rapid Wien | 4:1 (2:0) | ||
| 2nd (2nd leg) | Rapid Wien | - | AC Milan | 5:2 (2:1) | ||
| 1st(1st leg): 02/10/1957 | 2nd (2nd leg): 09/10/1957 | Winner: AC Milan | ||||
| decisive matches | ||||||
|---|---|---|---|---|---|---|
| SC Wismut Karl-Marx-Stadt | - | Gwardia Warszawa | 1:1 (0:1, 1:1) aet | |||
| AC Milan | - | Rapid Wien | 4:2 (2:1) | |||
