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| H | FC Porto | - | Olympique Lyon | 2:0 (1:0) | ||
| R | Olympique Lyon | - | FC Porto | 2:2 (1:1) | ||
| H: 23.03.2004 20:45 | R: 07.04.2004 20:45 | Sieger: FC Porto | ||||
| H | AC Milan | - | Deportivo La Coruña | 4:1 (1:1) | ||
| R | Deportivo La Coruña | - | AC Milan | 4:0 (3:0) | ||
| H: 23.03.2004 20:45 | R: 07.04.2004 20:45 | Sieger: Deportivo La Coruña | ||||
| H | Real Madrid | - | AS Monaco | 4:2 (0:1) | ||
| R | AS Monaco | - | Real Madrid | 3:1 (1:1) | ||
| H: 24.03.2004 20:45 | R: 06.04.2004 20:45 | Sieger: AS Monaco | ||||
| H | Chelsea FC | - | Arsenal FC | 1:1 (0:0) | ||
| R | Arsenal FC | - | Chelsea FC | 1:2 (1:0) | ||
| H: 24.03.2004 20:45 | R: 06.04.2004 20:45 | Sieger: Chelsea FC | ||||
