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| 1st(1st leg) | Ferencvárosi TC | - | Wolverhampton Wanderers | 2:2 (2:1) | ||
| 2nd (2nd leg) | Wolverhampton Wanderers | - | Ferencvárosi TC | 2:1 (2:0) | ||
| 1st(1st leg): 05/04/1972 16:30 | 2nd (2nd leg): 19/04/1972 19:30 | Winner: Wolverhampton Wanderers | ||||
| 1st(1st leg) | Tottenham Hotspur | - | AC Milan | 2:1 (1:1) | ||
| 2nd (2nd leg) | AC Milan | - | Tottenham Hotspur | 1:1 (0:1) | ||
| 1st(1st leg): 05/04/1972 19:45 | 2nd (2nd leg): 19/04/1972 20:15 | Winner: Tottenham Hotspur | ||||
