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| 1st(1st leg) | Athletic Bilbao | - | Parma AC | 1:0 (0:0) | ||
| 2nd (2nd leg) | Parma AC | - | Athletic Bilbao | 4:2 (2:0) | ||
| 1st(1st leg): 22/11/1994 | 2nd (2nd leg): 06/12/1994 | Winner: Parma AC | ||||
| 1st(1st leg) | Deportivo La Coruña | - | Borussia Dortmund | 1:0 (1:0) | ||
| 2nd (2nd leg) | Borussia Dortmund | - | Deportivo La Coruña | 3:1 (0:0, 1:0) aet | ||
| 1st(1st leg): 22/11/1994 | 2nd (2nd leg): 06/12/1994 | Winner: Borussia Dortmund | ||||
| 1st(1st leg) | GKS Katowice | - | Bayer Leverkusen | 1:4 (0:3) | ||
| 2nd (2nd leg) | Bayer Leverkusen | - | GKS Katowice | 4:0 (4:0) | ||
| 1st(1st leg): 22/11/1994 | 2nd (2nd leg): 06/12/1994 | Winner: Bayer Leverkusen | ||||
| 1st(1st leg) | Odense BK | - | Real Madrid | 2:3 (1:0) | ||
| 2nd (2nd leg) | Real Madrid | - | Odense BK | 0:2 (0:0) | ||
| 1st(1st leg): 22/11/1994 | 2nd (2nd leg): 06/12/1994 | Winner: Odense BK | ||||
| 1st(1st leg) | Trabzonspor | - | Lazio Roma | 1:2 (0:0) | ||
| 2nd (2nd leg) | Lazio Roma | - | Trabzonspor | 2:1 (1:0) | ||
| 1st(1st leg): 22/11/1994 | 2nd (2nd leg): 06/12/1994 | Winner: Lazio Roma | ||||
| 1st(1st leg) | Eintracht Frankfurt | - | SSC Napoli | 1:0 (0:0) | ||
| 2nd (2nd leg) | SSC Napoli | - | Eintracht Frankfurt | 0:1 (0:0) | ||
| 1st(1st leg): 22/11/1994 | 2nd (2nd leg): 06/12/1994 | Winner: Eintracht Frankfurt | ||||
| 1st(1st leg) | FC Nantes | - | FC Sion | 4:0 (2:0) | ||
| 2nd (2nd leg) | FC Sion | - | FC Nantes | 2:2 (0:2) | ||
| 1st(1st leg): 22/11/1994 | 2nd (2nd leg): 06/12/1994 | Winner: FC Nantes | ||||
| 1st(1st leg) | Admira/Wacker | - | Juventus | 1:3 (0:3) | ||
| 2nd (2nd leg) | Juventus | - | Admira/Wacker | 2:1 (1:0) | ||
| 1st(1st leg): 24/11/1994 | 2nd (2nd leg): 06/12/1994 | Winner: Juventus | ||||
