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| 1st(1st leg) | Crvena Zvezda | - | Atlético Madrid | 0:2 (0:1) | ||
| 2nd (2nd leg) | Atlético Madrid | - | Crvena Zvezda | 1:1 (1:0) | ||
| 1st(1st leg): 05/03/1986 | 2nd (2nd leg): 19/03/1986 | Winner: Atlético Madrid | ||||
| 1st(1st leg) | ASVS Dukla Praha | - | SL Benfica | 1:0 (1:0) | ||
| 2nd (2nd leg) | SL Benfica | - | ASVS Dukla Praha | 2:1 (2:0) | ||
| 1st(1st leg): 05/03/1986 | 2nd (2nd leg): 19/03/1986 | Winner: ASVS Dukla Praha | ||||
| 1st(1st leg) | Dynamo Dresden | - | Bayer 05 Uerdingen | 2:0 (0:0) | ||
| 2nd (2nd leg) | Bayer 05 Uerdingen | - | Dynamo Dresden | 7:3 (1:3) | ||
| 1st(1st leg): 05/03/1986 | 2nd (2nd leg): 19/03/1986 | Winner: Bayer 05 Uerdingen | ||||
| 1st(1st leg) | Rapid Wien | - | Dinamo Kiev | 1:4 (0:0) | ||
| 2nd (2nd leg) | Dinamo Kiev | - | Rapid Wien | 5:1 (4:1) | ||
| 1st(1st leg): 05/03/1986 | 2nd (2nd leg): 19/03/1986 | Winner: Dinamo Kiev | ||||
