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| 1st(1st leg) | Ferencvárosi TC | - | Athletic Bilbao | 1:0 (1:0) | ||
| 2nd (2nd leg) | Athletic Bilbao | - | Ferencvárosi TC | 2:1 (1:1) | ||
| 1st(1st leg): 07/04/1965 | 2nd (2nd leg): 21/04/1965 | Winner: Ferencvárosi TC | ||||
| 1st(1st leg) | RC Strasbourg | - | Manchester United | 0:5 (0:2) | ||
| 2nd (2nd leg) | Manchester United | - | RC Strasbourg | 0:0 (0:0) | ||
| 1st(1st leg): 12/05/1965 | 2nd (2nd leg): 19/05/1965 | Winner: Manchester United | ||||
| decisive matches | ||||||
|---|---|---|---|---|---|---|
| Ferencvárosi TC | - | Athletic Bilbao | 3:0 (2:0) | |||
