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| 1st(1st leg) | Torino FC | - | Rangers FC | 1:1 (0:1) | ||
| 2nd (2nd leg) | Rangers FC | - | Torino FC | 1:0 (0:0) | ||
| 1st(1st leg): 08/03/1972 | 2nd (2nd leg): 22/03/1972 | Winner: Rangers FC | ||||
| 1st(1st leg) | Åtvidabergs FF | - | BFC Dynamo | 0:2 (0:1) | ||
| 2nd (2nd leg) | BFC Dynamo | - | Åtvidabergs FF | 2:2 (2:2) | ||
| 1st(1st leg): 08/03/1972 | 2nd (2nd leg): 22/03/1972 | Winner: BFC Dynamo | ||||
| 1st(1st leg) | CSA Steaua București | - | Bayern München | 1:1 (1:0) | ||
| 2nd (2nd leg) | Bayern München | - | CSA Steaua București | 0:0 (0:0) | ||
| 1st(1st leg): 08/03/1972 | 2nd (2nd leg): 22/03/1972 | Winner: Bayern München | ||||
| 1st(1st leg) | Crvena Zvezda | - | Dinamo Moskva | 1:2 (0:1) | ||
| 2nd (2nd leg) | Dinamo Moskva | - | Crvena Zvezda | 1:1 (0:0) | ||
| 1st(1st leg): 08/03/1972 | 2nd (2nd leg): 22/03/1972 | Winner: Dinamo Moskva | ||||
