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| 1st(1st leg) | IFK Norrköping | - | AS Monaco | 1:2 (1:1) | ||
| 2nd (2nd leg) | AS Monaco | - | IFK Norrköping | 1:0 (1:0) | ||
| 1st(1st leg): 22/10/1991 | 2nd (2nd leg): 05/11/1991 | Winner: AS Monaco | ||||
| 1st(1st leg) | Ilves Tampere | - | AS Roma | 1:1 (0:1) | ||
| 2nd (2nd leg) | AS Roma | - | Ilves Tampere | 5:2 (3:0) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: AS Roma | ||||
| 1st(1st leg) | GKS Katowice | - | Club Brugge KV | 0:1 (0:1) | ||
| 2nd (2nd leg) | Club Brugge KV | - | GKS Katowice | 3:0 (0:0) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: Club Brugge KV | ||||
| 1st(1st leg) | FC Sion | - | Feyenoord | 0:0 (0:0) | ||
| 2nd (2nd leg) | Feyenoord | - | FC Sion | 5:3 (0:0, 0:0, 0:0) pso | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: Feyenoord | ||||
| 1st(1st leg) | Werder Bremen | - | Ferencvárosi TC | 3:2 (3:1) | ||
| 2nd (2nd leg) | Ferencvárosi TC | - | Werder Bremen | 0:1 (0:0) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: Werder Bremen | ||||
| 1st(1st leg) | Galatasaray | - | Baník Ostrava | 0:1 (0:0) | ||
| 2nd (2nd leg) | Baník Ostrava | - | Galatasaray | 1:2 (1:2) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: Galatasaray | ||||
| 1st(1st leg) | Atlético Madrid | - | Manchester United | 3:0 (1:0) | ||
| 2nd (2nd leg) | Manchester United | - | Atlético Madrid | 1:1 (1:0) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 06/11/1991 | Winner: Atlético Madrid | ||||
| 1st(1st leg) | Tottenham Hotspur | - | FC Porto | 3:1 (2:0) | ||
| 2nd (2nd leg) | FC Porto | - | Tottenham Hotspur | 0:0 (0:0) | ||
| 1st(1st leg): 23/10/1991 | 2nd (2nd leg): 07/11/1991 | Winner: Tottenham Hotspur | ||||
