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| 1st(1st leg) | AC Milan | - | Lierse SK | 2:0 (2:0) | ||
| 2nd (2nd leg) | Lierse SK | - | AC Milan | 1:1 (0:0) | ||
| 1st(1st leg): 23/02/1972 19:30 | 2nd (2nd leg): 07/03/1972 19:00 | Winner: AC Milan | ||||
| 1st(1st leg) | UT Arad | - | Tottenham Hotspur | 0:2 (0:2) | ||
| 2nd (2nd leg) | Tottenham Hotspur | - | UT Arad | 1:1 (0:0) | ||
| 1st(1st leg): 07/03/1972 13:30 | 2nd (2nd leg): 21/03/1972 19:30 | Winner: Tottenham Hotspur | ||||
| 1st(1st leg) | Juventus | - | Wolverhampton Wanderers | 1:1 (1:0) | ||
| 2nd (2nd leg) | Wolverhampton Wanderers | - | Juventus | 2:1 (1:0) | ||
| 1st(1st leg): 07/03/1972 19:30 | 2nd (2nd leg): 22/03/1972 19:30 | Winner: Wolverhampton Wanderers | ||||
| 1st(1st leg) | Ferencvárosi TC | - | Željezničar Sarajevo | 1:2 (1:1) | ||
| 2nd (2nd leg) | Željezničar Sarajevo | - | Ferencvárosi TC | 4:5 (1:1, 1:2, 1:2) pso | ||
| 1st(1st leg): 09/03/1972 16:30 | 2nd (2nd leg): 22/03/1972 16:30 | Winner: Ferencvárosi TC | ||||
