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| 1st(1st leg) | Aarhus GF | - | CSA Steaua București | 3:2 (2:0) | ||
| 2nd (2nd leg) | CSA Steaua București | - | Aarhus GF | 2:1 (0:1) | ||
| 1st(1st leg): 21/10/1992 | 2nd (2nd leg): 04/11/1992 | Winner: CSA Steaua București | ||||
| 1st(1st leg) | Admira/Wacker | - | Royal Antwerp FC | 2:4 (2:1) | ||
| 2nd (2nd leg) | Royal Antwerp FC | - | Admira/Wacker | 3:4 (2:0, 2:4) aet | ||
| 1st(1st leg): 21/10/1992 | 2nd (2nd leg): 04/11/1992 | Winner: Royal Antwerp FC | ||||
| 1st(1st leg) | FC Luzern | - | Feyenoord | 1:0 (0:0) | ||
| 2nd (2nd leg) | Feyenoord | - | FC Luzern | 4:1 (2:1) | ||
| 1st(1st leg): 21/10/1992 | 2nd (2nd leg): 04/11/1992 | Winner: Feyenoord | ||||
| 1st(1st leg) | AS Monaco | - | Olympiakos Piraeus | 0:1 (0:0) | ||
| 2nd (2nd leg) | Olympiakos Piraeus | - | AS Monaco | 0:0 (0:0) | ||
| 1st(1st leg): 21/10/1992 | 2nd (2nd leg): 04/11/1992 | Winner: Olympiakos Piraeus | ||||
| 1st(1st leg) | Parma AC | - | Boavista | 0:0 (0:0) | ||
| 2nd (2nd leg) | Boavista | - | Parma AC | 0:2 (0:1) | ||
| 1st(1st leg): 21/10/1992 | 2nd (2nd leg): 04/11/1992 | Winner: Parma AC | ||||
| 1st(1st leg) | Trabzonspor | - | Atlético Madrid | 0:2 (0:1) | ||
| 2nd (2nd leg) | Atlético Madrid | - | Trabzonspor | 0:0 (0:0) | ||
| 1st(1st leg): 21/10/1992 | 2nd (2nd leg): 04/11/1992 | Winner: Atlético Madrid | ||||
| 1st(1st leg) | Werder Bremen | - | AC Sparta Praha | 2:3 (0:2) | ||
| 2nd (2nd leg) | AC Sparta Praha | - | Werder Bremen | 1:0 (1:0) | ||
| 1st(1st leg): 21/10/1992 | 2nd (2nd leg): 04/11/1992 | Winner: AC Sparta Praha | ||||
| 1st(1st leg) | Spartak Moskva | - | Liverpool FC | 4:2 (1:0) | ||
| 2nd (2nd leg) | Liverpool FC | - | Spartak Moskva | 0:2 (0:0) | ||
| 1st(1st leg): 22/10/1992 | 2nd (2nd leg): 04/11/1992 | Winner: Spartak Moskva | ||||
