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| 1st(1st leg) | Partizan | - | Werder Bremen | 3:0 (0:0) | ||
| 2nd (2nd leg) | Werder Bremen | - | Partizan | 1:0 (1:0) | ||
| 1st(1st leg): 09/11/1965 | 2nd (2nd leg): 17/11/1965 | Winner: Partizan | ||||
| 1st(1st leg) | Ferencvárosi TC | - | Panathinaikos | 0:0 (0:0) | ||
| 2nd (2nd leg) | Panathinaikos | - | Ferencvárosi TC | 1:3 (0:2) | ||
| 1st(1st leg): 10/11/1965 | 2nd (2nd leg): 17/11/1965 | Winner: Ferencvárosi TC | ||||
| 1st(1st leg) | Levski Sofia | - | SL Benfica | 2:2 (1:1) | ||
| 2nd (2nd leg) | SL Benfica | - | Levski Sofia | 3:2 (2:1) | ||
| 1st(1st leg): 10/11/1965 | 2nd (2nd leg): 08/12/1965 | Winner: SL Benfica | ||||
| 1st(1st leg) | Kilmarnock FC | - | Real Madrid | 2:2 (1:1) | ||
| 2nd (2nd leg) | Real Madrid | - | Kilmarnock FC | 5:1 (3:1) | ||
| 1st(1st leg): 17/11/1965 | 2nd (2nd leg): 01/12/1965 | Winner: Real Madrid | ||||
| 1st(1st leg) | ASK Vorwärts Berlin | - | Manchester United | 0:2 (0:0) | ||
| 2nd (2nd leg) | Manchester United | - | ASK Vorwärts Berlin | 3:1 (2:0) | ||
| 1st(1st leg): 17/11/1965 | 2nd (2nd leg): 01/12/1965 | Winner: Manchester United | ||||
| 1st(1st leg) | RSC Anderlecht | - | Derry City | 9:0 (3:0) | ||
| 2nd (2nd leg) | Derry City | - | RSC Anderlecht | 0:3 dec. | ||
| 1st(1st leg): 23/11/1965 | 2nd (2nd leg): 01/12/1965 | Winner: RSC Anderlecht | ||||
| 1st(1st leg) | TJ Sparta ČKD Praha | - | Górnik Zabrze | 3:0 (1:0) | ||
| 2nd (2nd leg) | Górnik Zabrze | - | TJ Sparta ČKD Praha | 1:2 (0:1) | ||
| 1st(1st leg): 24/11/1965 | 2nd (2nd leg): 28/11/1965 | Winner: TJ Sparta ČKD Praha | ||||
| 1st(1st leg) | Dinamo Bucureşti | - | Inter | 2:1 (1:1) | ||
| 2nd (2nd leg) | Inter | - | Dinamo Bucureşti | 2:0 (0:0) | ||
| 1st(1st leg): 01/12/1965 | 2nd (2nd leg): 15/12/1965 | Winner: Inter | ||||
