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| H | Athletic Bilbao | - | Manchester United | 5:3 (3:0) | ||
| R | Manchester United | - | Athletic Bilbao | 3:0 (1:0) | ||
| H: 16.01.1957 | R: 06.02.1957 | Sieger: Manchester United | ||||
| H | ACF Fiorentina | - | Grasshopper Club Zürich | 3:1 (3:1) | ||
| R | Grasshopper Club Zürich | - | ACF Fiorentina | 2:2 (1:1) | ||
| H: 06.02.1957 | R: 27.02.1957 | Sieger: ACF Fiorentina | ||||
| H | Real Madrid | - | OGC Nice | 3:0 (1:0) | ||
| R | OGC Nice | - | Real Madrid | 2:3 (1:1) | ||
| H: 14.02.1957 | R: 14.03.1957 | Sieger: Real Madrid | ||||
| H | Crvena Zvezda | - | CDNA Sofia | 3:1 (2:0) | ||
| R | CDNA Sofia | - | Crvena Zvezda | 2:1 (2:1) | ||
| H: 17.02.1957 | R: 24.02.1957 | Sieger: Crvena Zvezda | ||||
