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| H | Dinamo Bucureşti | - | Feijenoord | 0:3 (0:2) | ||
| R | Feijenoord | - | Dinamo Bucureşti | 2:0 (0:0) | ||
| H: 20.10.1971 14:15 | R: 03.11.1971 20:30 | Sieger: Feijenoord | ||||
| H | CSKA Moskva | - | Standard Liège | 1:0 (1:0) | ||
| R | Standard Liège | - | CSKA Moskva | 2:0 (1:0) | ||
| H: 20.10.1971 17:30 | R: 03.11.1971 20:00 | Sieger: Standard Liège | ||||
| H | Grasshopper Club Zürich | - | Arsenal FC | 0:2 (0:1) | ||
| R | Arsenal FC | - | Grasshopper Club Zürich | 3:0 (1:0) | ||
| H: 20.10.1971 20:00 | R: 03.11.1971 19:30 | Sieger: Arsenal FC | ||||
| H | Celtic FC | - | Sliema Wanderers | 5:0 (3:0) | ||
| R | Sliema Wanderers | - | Celtic FC | 1:2 (1:1) | ||
| H: 20.10.1971 20:00 | R: 03.11.1971 14:45 | Sieger: Celtic FC | ||||
| H | Olympique Marseille | - | AFC Ajax | 1:2 (1:1) | ||
| R | AFC Ajax | - | Olympique Marseille | 4:1 (2:1) | ||
| H: 20.10.1971 20:30 | R: 03.11.1971 20:15 | Sieger: AFC Ajax | ||||
| H | Valencia CF | - | Újpesti Dózsa SC | 0:1 (0:0) | ||
| R | Újpesti Dózsa SC | - | Valencia CF | 2:1 (0:0) | ||
| H: 20.10.1971 20:30 | R: 03.11.1971 17:00 | Sieger: Újpesti Dózsa SC | ||||
| H | SL Benfica | - | CSKA Sofia | 2:1 (0:0) | ||
| R | CSKA Sofia | - | SL Benfica | 0:0 (0:0) | ||
| H: 20.10.1971 22:45 | R: 03.11.1971 17:30 | Sieger: SL Benfica | ||||
| H | Inter | - | Bor. Mönchengladbach | 4:2 (2:1) | ||
| R | Bor. Mönchengladbach | - | Inter | 0:0 (0:0) | ||
| H: 03.11.1971 21:15 | R: 01.12.1971 20:15 | Sieger: Inter | ||||
