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| 1st(1st leg) | Werder Bremen | - | Aarhus GF | 2:0 (1:0) | ||
| 2nd (2nd leg) | Aarhus GF | - | Werder Bremen | 2:3 (0:1) | ||
| 1st(1st leg): 25/10/1961 | 2nd (2nd leg): 01/11/1961 | Winner: Werder Bremen | ||||
| 1st(1st leg) | Dunfermline Athletic | - | Vardar Skopje | 5:0 (3:0) | ||
| 2nd (2nd leg) | Vardar Skopje | - | Dunfermline Athletic | 2:0 (1:0) | ||
| 1st(1st leg): 25/10/1961 | 2nd (2nd leg): 08/11/1961 | Winner: Dunfermline Athletic | ||||
| 1st(1st leg) | Leicester City | - | Atlético Madrid | 1:1 (0:0) | ||
| 2nd (2nd leg) | Atlético Madrid | - | Leicester City | 2:0 (0:0) | ||
| 1st(1st leg): 25/10/1961 | 2nd (2nd leg): 15/11/1961 | Winner: Atlético Madrid | ||||
| 1st(1st leg) | ACF Fiorentina | - | Rapid Wien | 3:1 (2:0) | ||
| 2nd (2nd leg) | Rapid Wien | - | ACF Fiorentina | 2:6 (0:2) | ||
| 1st(1st leg): 25/10/1961 | 2nd (2nd leg): 22/11/1961 | Winner: ACF Fiorentina | ||||
| 1st(1st leg) | AFC Ajax | - | Újpesti Dózsa SC | 2:1 (2:0) | ||
| 2nd (2nd leg) | Újpesti Dózsa SC | - | AFC Ajax | 3:1 (1:0) | ||
| 1st(1st leg): 02/11/1961 | 2nd (2nd leg): 29/11/1961 | Winner: Újpesti Dózsa SC | ||||
| 1st(1st leg) | Olympiakos Piraeus | - | DŠO Dynamo Žilina | 2:3 (1:2) | ||
| 2nd (2nd leg) | DŠO Dynamo Žilina | - | Olympiakos Piraeus | 1:0 (1:0) | ||
| 1st(1st leg): 22/11/1961 | 2nd (2nd leg): 30/11/1961 | Winner: DŠO Dynamo Žilina | ||||
| 1st(1st leg) | Leixões SC | - | FC Progresul Bucureşti | 1:1 (0:1) | ||
| 2nd (2nd leg) | FC Progresul Bucureşti | - | Leixões SC | 0:1 (0:0) | ||
| 1st(1st leg): 23/11/1961 | 2nd (2nd leg): 30/11/1961 | Winner: Leixões SC | ||||
| 1st(1st leg) | SC Motor Jena | - | Alliance Dudelange | 7:0 (3:0) | ||
| 2nd (2nd leg) | Alliance Dudelange | - | SC Motor Jena | 2:2 (1:0) | ||
| 1st(1st leg): 17/12/1961 | 2nd (2nd leg): 19/12/1961 | Winner: SC Motor Jena | ||||
