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| 1st(1st leg) | Rapid Bucureşti | - | Legia Warszawa | 4:0 (3:0) | ||
| 2nd (2nd leg) | Legia Warszawa | - | Rapid Bucureşti | 2:0 (2:0) | ||
| 1st(1st leg): 19/10/1971 13:15 | 2nd (2nd leg): 03/11/1971 16:30 | Winner: Rapid Bucureşti | ||||
| 1st(1st leg) | 1. FC Köln | - | Dundee FC | 2:1 (0:0) | ||
| 2nd (2nd leg) | Dundee FC | - | 1. FC Köln | 4:2 (1:1) | ||
| 1st(1st leg): 19/10/1971 19:00 | 2nd (2nd leg): 03/11/1971 19:30 | Winner: Dundee FC | ||||
| 1st(1st leg) | Zagłębie Wałbrzych | - | UT Arad | 1:1 (1:0) | ||
| 2nd (2nd leg) | UT Arad | - | Zagłębie Wałbrzych | 2:1 (1:0, 1:1) aet | ||
| 1st(1st leg): 20/10/1971 13:00 | 2nd (2nd leg): 03/11/1971 12:30 | Winner: UT Arad | ||||
| 1st(1st leg) | OFK Beograd | - | FC Carl Zeiss Jena | 1:1 (0:1) | ||
| 2nd (2nd leg) | FC Carl Zeiss Jena | - | OFK Beograd | 4:0 (2:0) | ||
| 1st(1st leg): 20/10/1971 13:30 | 2nd (2nd leg): 03/11/1971 13:00 | Winner: FC Carl Zeiss Jena | ||||
| 1st(1st leg) | Dinamo Zagreb | - | Rapid Wien | 2:2 (1:1) | ||
| 2nd (2nd leg) | Rapid Wien | - | Dinamo Zagreb | 0:0 (0:0) | ||
| 1st(1st leg): 20/10/1971 16:00 | 2nd (2nd leg): 03/11/1971 16:00 | Winner: Rapid Wien | ||||
| 1st(1st leg) | Željezničar Sarajevo | - | Bologna FC | 1:1 (0:1) | ||
| 2nd (2nd leg) | Bologna FC | - | Željezničar Sarajevo | 2:2 (1:0) | ||
| 1st(1st leg): 20/10/1971 16:30 | 2nd (2nd leg): 03/11/1971 20:15 | Winner: Željezničar Sarajevo | ||||
| 1st(1st leg) | Ferencvárosi TC | - | Panionios GSS | 6:0 (2:0) | ||
| 1st(1st leg): 20/10/1971 16:45 | 2nd (2nd leg): | |||||
| 1st(1st leg) | Eintracht Braunschweig | - | Athletic Bilbao | 2:1 (2:1) | ||
| 2nd (2nd leg) | Athletic Bilbao | - | Eintracht Braunschweig | 2:2 (1:1) | ||
| 1st(1st leg): 20/10/1971 17:45 | 2nd (2nd leg): 03/11/1971 19:00 | Winner: Eintracht Braunschweig | ||||
| 1st(1st leg) | Rosenborg BK | - | Lierse SK | 4:1 (2:0) | ||
| 2nd (2nd leg) | Lierse SK | - | Rosenborg BK | 3:0 (0:0) | ||
| 1st(1st leg): 20/10/1971 18:00 | 2nd (2nd leg): 03/11/1971 19:00 | Winner: Lierse SK | ||||
| 1st(1st leg) | FC Den Haag-ADO | - | Wolverhampton Wanderers | 1:3 (0:0) | ||
| 2nd (2nd leg) | Wolverhampton Wanderers | - | FC Den Haag-ADO | 4:0 (1:0) | ||
| 1st(1st leg): 20/10/1971 19:00 | 2nd (2nd leg): 03/11/1971 19:30 | Winner: Wolverhampton Wanderers | ||||
| 1st(1st leg) | FC Nantes | - | Tottenham Hotspur | 0:0 (0:0) | ||
| 2nd (2nd leg) | Tottenham Hotspur | - | FC Nantes | 1:0 (1:0) | ||
| 1st(1st leg): 20/10/1971 19:30 | 2nd (2nd leg): 02/11/1971 19:30 | Winner: Tottenham Hotspur | ||||
| 1st(1st leg) | St. Johnstone FC | - | Budapesti Vasas | 2:0 (1:0) | ||
| 2nd (2nd leg) | Budapesti Vasas | - | St. Johnstone FC | 1:0 (0:0) | ||
| 1st(1st leg): 20/10/1971 19:30 | 2nd (2nd leg): 02/11/1971 15:00 | Winner: St. Johnstone FC | ||||
| 1st(1st leg) | AC Milan | - | Hertha BSC | 4:2 (1:1) | ||
| 2nd (2nd leg) | Hertha BSC | - | AC Milan | 2:1 (1:1) | ||
| 1st(1st leg): 20/10/1971 20:00 | 2nd (2nd leg): 03/11/1971 18:30 | Winner: AC Milan | ||||
| 1st(1st leg) | Real Madrid | - | PSV Eindhoven | 3:1 (2:1) | ||
| 2nd (2nd leg) | PSV Eindhoven | - | Real Madrid | 2:0 (1:0) | ||
| 1st(1st leg): 20/10/1971 20:15 | 2nd (2nd leg): 03/11/1971 19:00 | Winner: PSV Eindhoven | ||||
| 1st(1st leg) | Spartak Moskva | - | Vitória Setúbal | 0:0 (0:0) | ||
| 2nd (2nd leg) | Vitória Setúbal | - | Spartak Moskva | 4:0 (1:0) | ||
| 1st(1st leg): 21/10/1971 16:30 | 2nd (2nd leg): 04/11/1971 20:00 | Winner: Vitória Setúbal | ||||
| 1st(1st leg) | Juventus | - | Aberdeen FC | 2:0 (1:0) | ||
| 2nd (2nd leg) | Aberdeen FC | - | Juventus | 1:1 (0:0) | ||
| 1st(1st leg): 27/10/1971 20:00 | 2nd (2nd leg): 17/11/1971 19:30 | Winner: Juventus | ||||
