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| 1st(1st leg) | Atlético Madrid | - | AFC Ajax | 1:0 (1:0) | ||
| 2nd (2nd leg) | AFC Ajax | - | Atlético Madrid | 3:0 (1:0) | ||
| 1st(1st leg): 14/04/1971 | 2nd (2nd leg): 28/04/1971 | Winner: AFC Ajax | ||||
| 1st(1st leg) | Crvena Zvezda | - | Panathinaikos | 4:1 (2:0) | ||
| 2nd (2nd leg) | Panathinaikos | - | Crvena Zvezda | 3:0 (1:0) | ||
| 1st(1st leg): 14/04/1971 | 2nd (2nd leg): 28/04/1971 | Winner: Panathinaikos | ||||
