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| 1st(1st leg) | Espanyol Barcelona | - | Crvena Zvezda | 2:1 (0:1) | ||
| 2nd (2nd leg) | Crvena Zvezda | - | Espanyol Barcelona | 5:0 (1:0) | ||
| 1st(1st leg): 01/02/1962 | 2nd (2nd leg): 14/03/1962 | Winner: Crvena Zvezda | ||||
| 1st(1st leg) | Novi Sad XI | - | MTK | 1:4 (1:1) | ||
| 2nd (2nd leg) | MTK | - | Novi Sad XI | 2:1 (1:1) | ||
| 1st(1st leg): 11/02/1962 | 2nd (2nd leg): 18/02/1962 | Winner: MTK | ||||
| 1st(1st leg) | Valencia CF | - | Inter | 2:0 (2:0) | ||
| 2nd (2nd leg) | Inter | - | Valencia CF | 3:3 (2:2) | ||
| 1st(1st leg): 14/02/1962 | 2nd (2nd leg): 21/03/1962 | Winner: Valencia CF | ||||
| 1st(1st leg) | Sheffield Wednesday | - | FC Barcelona | 3:2 (2:2) | ||
| 2nd (2nd leg) | FC Barcelona | - | Sheffield Wednesday | 2:0 (2:0) | ||
| 1st(1st leg): 28/02/1962 | 2nd (2nd leg): 28/03/1962 | Winner: FC Barcelona | ||||
