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| H | FC Basel | - | Celtic FC | 3:2 (2:1) | ||
| R | Celtic FC | - | FC Basel | 4:2 (2:2, 3:2) n.V. | ||
| H: 27.02.1974 20:00 | R: 20.03.1974 21:00 | Sieger: Celtic FC | ||||
| H | Bayern München | - | CSKA Sofia | 4:1 (2:1) | ||
| R | CSKA Sofia | - | Bayern München | 2:1 (1:1) | ||
| H: 05.03.1974 20:00 | R: 20.03.1974 18:30 | Sieger: Bayern München | ||||
| H | TJ Spartak TAZ Trnava | - | Újpesti Dózsa SC | 1:1 (1:0) | ||
| R | Újpesti Dózsa SC | - | TJ Spartak TAZ Trnava | 4:3 (1:1, 1:1, 1:1) i.E. | ||
| H: 06.03.1974 15:00 | R: 20.03.1974 18:00 | Sieger: Újpesti Dózsa SC | ||||
| H | Crvena Zvezda | - | Atlético Madrid | 0:2 (0:1) | ||
| R | Atlético Madrid | - | Crvena Zvezda | 0:0 (0:0) | ||
| H: 06.03.1974 16:00 | R: 21.03.1974 21:00 | Sieger: Atlético Madrid | ||||
