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| 1st(1st leg) | TJ Baník Ostrava OKD | - | Crvena Zvezda | 3:1 (2:0) | ||
| 2nd (2nd leg) | Crvena Zvezda | - | TJ Baník Ostrava OKD | 3:0 (1:0) | ||
| 1st(1st leg): 21/10/1981 | 2nd (2nd leg): 04/11/1981 | Winner: Crvena Zvezda | ||||
| 1st(1st leg) | Austria Wien | - | Dinamo Kiev | 0:1 (0:1) | ||
| 2nd (2nd leg) | Dinamo Kiev | - | Austria Wien | 1:1 (1:1) | ||
| 1st(1st leg): 21/10/1981 17:00 | 2nd (2nd leg): 04/11/1981 17:00 | Winner: Dinamo Kiev | ||||
| 1st(1st leg) | CSKA Sofia | - | Glentoran FC | 2:0 (2:0) | ||
| 2nd (2nd leg) | Glentoran FC | - | CSKA Sofia | 2:1 (0:0, 2:0) aet | ||
| 1st(1st leg): 21/10/1981 17:30 | 2nd (2nd leg): 04/11/1981 18:30 | Winner: CSKA Sofia | ||||
| 1st(1st leg) | KB København | - | FC Universitatea Craiova | 1:0 (1:0) | ||
| 2nd (2nd leg) | FC Universitatea Craiova | - | KB København | 4:1 (2:0) | ||
| 1st(1st leg): 21/10/1981 18:00 | 2nd (2nd leg): 04/11/1981 | Winner: FC Universitatea Craiova | ||||
| 1st(1st leg) | RSC Anderlecht | - | Juventus | 3:1 (1:1) | ||
| 2nd (2nd leg) | Juventus | - | RSC Anderlecht | 1:1 (0:1) | ||
| 1st(1st leg): 21/10/1981 19:00 | 2nd (2nd leg): 04/11/1981 19:30 | Winner: RSC Anderlecht | ||||
| 1st(1st leg) | BFC Dynamo | - | Aston Villa | 1:2 (0:1) | ||
| 2nd (2nd leg) | Aston Villa | - | BFC Dynamo | 0:1 (0:1) | ||
| 1st(1st leg): 21/10/1981 19:00 | 2nd (2nd leg): 04/11/1981 18:30 | Winner: Aston Villa | ||||
| 1st(1st leg) | AZ '67 Alkmaar | - | Liverpool FC | 2:2 (0:1) | ||
| 2nd (2nd leg) | Liverpool FC | - | AZ '67 Alkmaar | 3:2 (1:0) | ||
| 1st(1st leg): 21/10/1981 19:15 | 2nd (2nd leg): 04/11/1981 19:30 | Winner: Liverpool FC | ||||
| 1st(1st leg) | SL Benfica | - | Bayern München | 0:0 (0:0) | ||
| 2nd (2nd leg) | Bayern München | - | SL Benfica | 4:1 (2:0) | ||
| 1st(1st leg): 21/10/1981 20:00 | 2nd (2nd leg): 04/11/1981 19:00 | Winner: Bayern München | ||||
