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| 1st(1st leg) | Dinamo Bucureşti | - | Feijenoord | 0:3 (0:2) | ||
| 2nd (2nd leg) | Feijenoord | - | Dinamo Bucureşti | 2:0 (0:0) | ||
| 1st(1st leg): 20/10/1971 13:15 | 2nd (2nd leg): 03/11/1971 19:30 | Winner: Feijenoord | ||||
| 1st(1st leg) | CSKA Moskva | - | Standard Liège | 1:0 (1:0) | ||
| 2nd (2nd leg) | Standard Liège | - | CSKA Moskva | 2:0 (1:0) | ||
| 1st(1st leg): 20/10/1971 16:30 | 2nd (2nd leg): 03/11/1971 19:00 | Winner: Standard Liège | ||||
| 1st(1st leg) | Grasshopper Club Zürich | - | Arsenal FC | 0:2 (0:1) | ||
| 2nd (2nd leg) | Arsenal FC | - | Grasshopper Club Zürich | 3:0 (1:0) | ||
| 1st(1st leg): 20/10/1971 19:00 | 2nd (2nd leg): 03/11/1971 18:30 | Winner: Arsenal FC | ||||
| 1st(1st leg) | Celtic FC | - | Sliema Wanderers | 5:0 (3:0) | ||
| 2nd (2nd leg) | Sliema Wanderers | - | Celtic FC | 1:2 (1:1) | ||
| 1st(1st leg): 20/10/1971 19:00 | 2nd (2nd leg): 03/11/1971 13:45 | Winner: Celtic FC | ||||
| 1st(1st leg) | Olympique Marseille | - | AFC Ajax | 1:2 (1:1) | ||
| 2nd (2nd leg) | AFC Ajax | - | Olympique Marseille | 4:1 (2:1) | ||
| 1st(1st leg): 20/10/1971 19:30 | 2nd (2nd leg): 03/11/1971 19:15 | Winner: AFC Ajax | ||||
| 1st(1st leg) | Valencia CF | - | Újpesti Dózsa SC | 0:1 (0:0) | ||
| 2nd (2nd leg) | Újpesti Dózsa SC | - | Valencia CF | 2:1 (0:0) | ||
| 1st(1st leg): 20/10/1971 19:30 | 2nd (2nd leg): 03/11/1971 16:00 | Winner: Újpesti Dózsa SC | ||||
| 1st(1st leg) | SL Benfica | - | CSKA Sofia | 2:1 (0:0) | ||
| 2nd (2nd leg) | CSKA Sofia | - | SL Benfica | 0:0 (0:0) | ||
| 1st(1st leg): 20/10/1971 21:45 | 2nd (2nd leg): 03/11/1971 16:30 | Winner: SL Benfica | ||||
| 1st(1st leg) | Inter | - | Bor. Mönchengladbach | 4:2 (2:1) | ||
| 2nd (2nd leg) | Bor. Mönchengladbach | - | Inter | 0:0 (0:0) | ||
| 1st(1st leg): 03/11/1971 20:15 | 2nd (2nd leg): 01/12/1971 19:15 | Winner: Inter | ||||
