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| U | Újpesti Dózsa SC | - | Celtic FC | 1:2 (0:1) | ||
| R | Celtic FC | - | Újpesti Dózsa SC | 1:1 (0:1) | ||
| U: 08.03.1972 17:30 | R: 22.03.1972 21:00 | Winnaars: Celtic FC | ||||
| U | AFC Ajax | - | Arsenal FC | 2:1 (1:1) | ||
| R | Arsenal FC | - | AFC Ajax | 0:1 (0:1) | ||
| U: 08.03.1972 20:15 | R: 22.03.1972 19:30 | Winnaars: AFC Ajax | ||||
| U | Feijenoord | - | SL Benfica | 1:0 (0:0) | ||
| R | SL Benfica | - | Feijenoord | 5:1 (2:0) | ||
| U: 08.03.1972 20:30 | R: 22.03.1972 22:45 | Winnaars: SL Benfica | ||||
| U | Inter | - | Standard Luik | 1:0 (0:0) | ||
| R | Standard Luik | - | Inter | 2:1 (0:0) | ||
| U: 08.03.1972 21:15 | R: 22.03.1972 20:00 | Winnaars: Inter | ||||
