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| 1st(1st leg) | KAA Gent | - | AFC Ajax | 0:0 (0:0) | ||
| 2nd (2nd leg) | AFC Ajax | - | KAA Gent | 3:0 (2:0) | ||
| 1st(1st leg): 04/03/1992 | 2nd (2nd leg): 18/03/1992 | Winner: AFC Ajax | ||||
| 1st(1st leg) | Genoa CFC | - | Liverpool FC | 2:0 (1:0) | ||
| 2nd (2nd leg) | Liverpool FC | - | Genoa CFC | 1:2 (0:1) | ||
| 1st(1st leg): 04/03/1992 | 2nd (2nd leg): 18/03/1992 | Winner: Genoa CFC | ||||
| 1st(1st leg) | SK Sigma MŽ Olomouc | - | Real Madrid | 1:1 (1:1) | ||
| 2nd (2nd leg) | Real Madrid | - | SK Sigma MŽ Olomouc | 1:0 (0:0) | ||
| 1st(1st leg): 04/03/1992 | 2nd (2nd leg): 18/03/1992 | Winner: Real Madrid | ||||
| 1st(1st leg) | B 1903 København | - | Torino FC | 0:2 (0:1) | ||
| 2nd (2nd leg) | Torino FC | - | B 1903 København | 1:0 (1:0) | ||
| 1st(1st leg): 04/03/1992 | 2nd (2nd leg): 18/03/1992 | Winner: Torino FC | ||||
