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| U | Rode Ster Belgrado | - | Atlético Madrid | 0:2 (0:1) | ||
| R | Atlético Madrid | - | Rode Ster Belgrado | 1:1 (1:0) | ||
| U: 05.03.1986 | R: 19.03.1986 | Winnaars: Atlético Madrid | ||||
| U | ASVS Dukla Praha | - | SL Benfica | 1:0 (1:0) | ||
| R | SL Benfica | - | ASVS Dukla Praha | 2:1 (2:0) | ||
| U: 05.03.1986 | R: 19.03.1986 | Winnaars: ASVS Dukla Praha | ||||
| U | Dynamo Dresden | - | Bayer 05 Uerdingen | 2:0 (0:0) | ||
| R | Bayer 05 Uerdingen | - | Dynamo Dresden | 7:3 (1:3) | ||
| U: 05.03.1986 | R: 19.03.1986 | Winnaars: Bayer 05 Uerdingen | ||||
| U | Rapid Wien | - | Dinamo Kiev | 1:4 (0:0) | ||
| R | Dinamo Kiev | - | Rapid Wien | 5:1 (4:1) | ||
| U: 05.03.1986 | R: 19.03.1986 | Winnaars: Dinamo Kiev | ||||
