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| H | Beşiktaş | - | Dinamo Tiranë | 2:0 (0:0) | ||
| R | Dinamo Tiranë | - | Beşiktaş | 0:1 (0:1) | ||
| H: 17.09.1986 15:30 | R: 01.10.1986 15:30 | Sieger: Beşiktaş | ||||
| H | PFC Beroe | - | Dinamo Kiev | 1:1 (0:0) | ||
| R | Dinamo Kiev | - | PFC Beroe | 2:0 (1:0) | ||
| H: 17.09.1986 17:30 | R: 01.10.1986 18:00 | Sieger: Dinamo Kiev | ||||
| H | Shamrock Rovers | - | Celtic FC | 0:1 (0:0) | ||
| R | Celtic FC | - | Shamrock Rovers | 2:0 (1:0) | ||
| H: 17.09.1986 17:45 | R: 01.10.1986 19:30 | Sieger: Celtic FC | ||||
| H | Crvena Zvezda | - | Panathinaikos | 3:0 (1:0) | ||
| R | Panathinaikos | - | Crvena Zvezda | 2:1 (2:0) | ||
| H: 17.09.1986 19:00 | R: 01.10.1986 20:30 | Sieger: Crvena Zvezda | ||||
| H | Brøndby IF | - | Budapest Honved SE | 4:1 (1:1) | ||
| R | Budapest Honved SE | - | Brøndby IF | 2:2 (1:0) | ||
| H: 17.09.1986 19:00 | R: 01.10.1986 19:00 | Sieger: Brøndby IF | ||||
| H | Rosenborg BK | - | Linfield FC | 1:0 (1:0) | ||
| R | Linfield FC | - | Rosenborg BK | 1:1 (0:0) | ||
| H: 17.09.1986 19:00 | R: 01.10.1986 19:30 | Sieger: Rosenborg BK | ||||
| H | Örgryte IS | - | BFC Dynamo | 2:3 (0:1) | ||
| R | BFC Dynamo | - | Örgryte IS | 4:1 (2:1) | ||
| H: 17.09.1986 19:00 | R: 01.10.1986 14:30 | Sieger: BFC Dynamo | ||||
| H | PSV Eindhoven | - | Bayern München | 0:2 (0:0) | ||
| R | Bayern München | - | PSV Eindhoven | 0:0 (0:0) | ||
| H: 17.09.1986 19:30 | R: 01.10.1986 20:00 | Sieger: Bayern München | ||||
| H | Avenir Beggen | - | Austria Wien | 0:3 (0:1) | ||
| R | Austria Wien | - | Avenir Beggen | 3:0 (1:0) | ||
| H: 17.09.1986 19:30 | R: 01.10.1986 19:00 | Sieger: Austria Wien | ||||
| H | BSC Young Boys | - | Real Madrid | 1:0 (1:0) | ||
| R | Real Madrid | - | BSC Young Boys | 5:0 (1:0) | ||
| H: 17.09.1986 20:00 | R: 01.10.1986 21:00 | Sieger: Real Madrid | ||||
| H | RSC Anderlecht | - | Górnik Zabrze | 2:0 (2:0) | ||
| R | Górnik Zabrze | - | RSC Anderlecht | 1:1 (0:0) | ||
| H: 17.09.1986 20:00 | R: 01.10.1986 17:00 | Sieger: RSC Anderlecht | ||||
| H | Paris Saint-Germain | - | TJ Vítkovice | 2:2 (1:2) | ||
| R | TJ Vítkovice | - | Paris Saint-Germain | 1:0 (0:0) | ||
| H: 17.09.1986 20:30 | R: 30.09.1986 16:30 | Sieger: TJ Vítkovice | ||||
| H | Juventus | - | Valur Reykjavík | 7:0 (3:0) | ||
| R | Valur Reykjavík | - | Juventus | 0:4 (0:3) | ||
| H: 17.09.1986 20:30 | R: 01.10.1986 17:05 | Sieger: Juventus | ||||
| H | APOEL Nikosia | - | HJK Helsinki | 1:0 (1:0) | ||
| R | HJK Helsinki | - | APOEL Nikosia | 3:2 (2:1) | ||
| H: 17.09.1986 20:30 | R: 01.10.1986 19:00 | Sieger: APOEL Nikosia | ||||
| H | FC Porto | - | Rabat Ajax | 9:0 (2:0) | ||
| R | Rabat Ajax | - | FC Porto | 0:1 (0:0) | ||
| H: 17.09.1986 21:30 | R: 01.10.1986 14:30 | Sieger: FC Porto | ||||
