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| 1st(1st leg) | Everton FC | - | Panathinaikos | 1:1 (0:0) | ||
| 2nd (2nd leg) | Panathinaikos | - | Everton FC | 0:0 (0:0) | ||
| 1st(1st leg): 09/03/1971 | 2nd (2nd leg): 24/03/1971 | Winner: Panathinaikos | ||||
| 1st(1st leg) | Atlético Madrid | - | Legia Warszawa | 1:0 (1:0) | ||
| 2nd (2nd leg) | Legia Warszawa | - | Atlético Madrid | 2:1 (1:1) | ||
| 1st(1st leg): 10/03/1971 | 2nd (2nd leg): 24/03/1971 | Winner: Atlético Madrid | ||||
| 1st(1st leg) | AFC Ajax | - | Celtic FC | 3:0 (0:0) | ||
| 2nd (2nd leg) | Celtic FC | - | AFC Ajax | 1:0 (1:0) | ||
| 1st(1st leg): 10/03/1971 | 2nd (2nd leg): 24/03/1971 | Winner: AFC Ajax | ||||
| 1st(1st leg) | FC Carl Zeiss Jena | - | Crvena Zvezda | 3:2 (2:1) | ||
| 2nd (2nd leg) | Crvena Zvezda | - | FC Carl Zeiss Jena | 4:0 (2:0) | ||
| 1st(1st leg): 10/03/1971 | 2nd (2nd leg): 24/03/1971 | Winner: Crvena Zvezda | ||||
