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| 1st(1st leg) | Werder Bremen | - | Atlético Madrid | 1:1 (0:0) | ||
| 2nd (2nd leg) | Atlético Madrid | - | Werder Bremen | 3:1 (2:1) | ||
| 1st(1st leg): 17/01/1962 | 2nd (2nd leg): 28/02/1962 | Winner: Atlético Madrid | ||||
| 1st(1st leg) | Újpesti Dózsa SC | - | Dunfermline Athletic | 4:3 (2:2) | ||
| 2nd (2nd leg) | Dunfermline Athletic | - | Újpesti Dózsa SC | 0:1 (0:0) | ||
| 1st(1st leg): 13/02/1962 | 2nd (2nd leg): 20/02/1962 | Winner: Újpesti Dózsa SC | ||||
| 1st(1st leg) | DŠO Dynamo Žilina | - | ACF Fiorentina | 3:2 (2:0) | ||
| 2nd (2nd leg) | ACF Fiorentina | - | DŠO Dynamo Žilina | 2:0 (2:0) | ||
| 1st(1st leg): 21/02/1962 | 2nd (2nd leg): 27/02/1962 | Winner: ACF Fiorentina | ||||
| 1st(1st leg) | SC Motor Jena | - | Leixões SC | 1:1 (0:1) | ||
| 2nd (2nd leg) | Leixões SC | - | SC Motor Jena | 1:3 (0:1) | ||
| 1st(1st leg): 22/02/1962 | 2nd (2nd leg): 25/02/1962 | Winner: SC Motor Jena | ||||
