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| H | Espanyol Barcelona | - | Crvena Zvezda | 2:1 (0:1) | ||
| R | Crvena Zvezda | - | Espanyol Barcelona | 5:0 (1:0) | ||
| H: 01.02.1962 | R: 14.03.1962 | Sieger: Crvena Zvezda | ||||
| H | Novi Sad XI | - | MTK | 1:4 (1:1) | ||
| R | MTK | - | Novi Sad XI | 2:1 (1:1) | ||
| H: 11.02.1962 | R: 18.02.1962 | Sieger: MTK | ||||
| H | Valencia CF | - | Inter | 2:0 (2:0) | ||
| R | Inter | - | Valencia CF | 3:3 (2:2) | ||
| H: 14.02.1962 | R: 21.03.1962 | Sieger: Valencia CF | ||||
| H | Sheffield Wednesday | - | FC Barcelona | 3:2 (2:2) | ||
| R | FC Barcelona | - | Sheffield Wednesday | 2:0 (2:0) | ||
| H: 28.02.1962 | R: 28.03.1962 | Sieger: FC Barcelona | ||||
