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| H | AFC Ajax | - | SL Benfica | 1:0 (0:0) | ||
| R | SL Benfica | - | AFC Ajax | 0:0 (0:0) | ||
| H: 05.04.1972 20:15 | R: 19.04.1972 22:45 | Sieger: AFC Ajax | ||||
| H | Inter | - | Celtic FC | 0:0 (0:0) | ||
| R | Celtic FC | - | Inter | 4:5 (0:0, 0:0, 0:0) i.E. | ||
| H: 05.04.1972 21:00 | R: 19.04.1972 21:00 | Sieger: Inter | ||||
