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| 1st(1st leg) | Crvena Zvezda | - | Apollon Limassol | 3:1 (1:1) | ||
| 2nd (2nd leg) | Apollon Limassol | - | Crvena Zvezda | 0:2 (0:0) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: Crvena Zvezda | ||||
| 1st(1st leg) | Dinamo Kiev | - | Brøndby IF | 1:1 (0:1) | ||
| 2nd (2nd leg) | Brøndby IF | - | Dinamo Kiev | 0:1 (0:1) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: Dinamo Kiev | ||||
| 1st(1st leg) | Panathinaikos | - | IFK Göteborg | 2:0 (1:0) | ||
| 2nd (2nd leg) | IFK Göteborg | - | Panathinaikos | 2:2 (2:0) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: Panathinaikos | ||||
| 1st(1st leg) | PSV Eindhoven | - | RSC Anderlecht | 0:0 (0:0) | ||
| 2nd (2nd leg) | RSC Anderlecht | - | PSV Eindhoven | 2:0 (1:0) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: RSC Anderlecht | ||||
| 1st(1st leg) | Kispesti Honved FC | - | Sampdoria | 2:1 (0:0) | ||
| 2nd (2nd leg) | Sampdoria | - | Kispesti Honved FC | 3:1 (2:0) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: Sampdoria | ||||
| 1st(1st leg) | Olympique Marseille | - | AC Sparta Praha | 3:2 (1:0) | ||
| 2nd (2nd leg) | AC Sparta Praha | - | Olympique Marseille | 2:1 (1:0) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: AC Sparta Praha | ||||
| 1st(1st leg) | FC Barcelona | - | 1. FC Kaiserslautern | 2:0 (1:0) | ||
| 2nd (2nd leg) | 1. FC Kaiserslautern | - | FC Barcelona | 3:1 (1:0) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: FC Barcelona | ||||
| 1st(1st leg) | SL Benfica | - | Arsenal FC | 1:1 (1:1) | ||
| 2nd (2nd leg) | Arsenal FC | - | SL Benfica | 1:3 (1:1, 1:1) aet | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: SL Benfica | ||||
