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| H | 1. FC Magdeburg | - | TPS Turku | 6:0 (4:0) | ||
| R | TPS Turku | - | 1. FC Magdeburg | 1:3 (0:0) | ||
| H: 13.09.1972 | R: 27.09.1972 | Sieger: 1. FC Magdeburg | ||||
| H | Aris Bonnevoie | - | Argeș Pitești | 0:2 (0:0) | ||
| R | Argeș Pitești | - | Aris Bonnevoie | 4:0 (3:0) | ||
| H: 13.09.1972 | R: 27.09.1972 | Sieger: Argeș Pitești | ||||
| H | Sliema Wanderers | - | Górnik Zabrze | 0:5 (0:3) | ||
| R | Górnik Zabrze | - | Sliema Wanderers | 5:0 (2:0) | ||
| H: 13.09.1972 16:00 | R: 27.09.1972 15:30 | Sieger: Górnik Zabrze | ||||
| H | Újpesti Dózsa SC | - | FC Basel | 2:0 (0:0) | ||
| R | FC Basel | - | Újpesti Dózsa SC | 3:2 (0:0) | ||
| H: 13.09.1972 17:30 | R: 27.09.1972 20:00 | Sieger: Újpesti Dózsa SC | ||||
| H | CSKA Sofia | - | Panathinaikos | 2:1 (1:0) | ||
| R | Panathinaikos | - | CSKA Sofia | 0:2 (0:1) | ||
| H: 13.09.1972 18:00 | R: 27.10.1972 14:00 | Sieger: CSKA Sofia | ||||
| H | Waterford AFC | - | Omonia Nikosia | 2:1 (2:0) | ||
| R | Omonia Nikosia | - | Waterford AFC | 2:0 (1:0) | ||
| H: 13.09.1972 18:30 | R: 27.09.1972 14:15 | Sieger: Omonia Nikosia | ||||
| H | Galatasaray | - | Bayern München | 1:1 (0:0) | ||
| R | Bayern München | - | Galatasaray | 6:0 (3:0) | ||
| H: 13.09.1972 19:00 | R: 27.09.1972 20:00 | Sieger: Bayern München | ||||
| H | Malmö FF | - | SL Benfica | 1:0 (1:0) | ||
| R | SL Benfica | - | Malmö FF | 4:1 (3:0) | ||
| H: 13.09.1972 19:00 | R: 27.09.1972 22:45 | Sieger: SL Benfica | ||||
| H | SSW Innsbruck | - | Dinamo Kiev | 0:1 (0:0) | ||
| R | Dinamo Kiev | - | SSW Innsbruck | 2:0 (1:0) | ||
| H: 13.09.1972 19:30 | R: 27.09.1972 18:00 | Sieger: Dinamo Kiev | ||||
| H | RSC Anderlecht | - | Vejle BK | 4:2 (1:0) | ||
| R | Vejle BK | - | RSC Anderlecht | 0:3 (0:0) | ||
| H: 13.09.1972 20:00 | R: 27.09.1972 19:30 | Sieger: RSC Anderlecht | ||||
| H | Derby County | - | Željezničar Sarajevo | 2:0 (1:0) | ||
| R | Željezničar Sarajevo | - | Derby County | 1:2 (0:2) | ||
| H: 13.09.1972 20:30 | R: 27.09.1972 18:30 | Sieger: Derby County | ||||
| H | Olympique Marseille | - | Juventus | 1:0 (0:0) | ||
| R | Juventus | - | Olympique Marseille | 3:0 (3:0) | ||
| H: 13.09.1972 20:30 | R: 27.09.1972 21:00 | Sieger: Juventus | ||||
| H | Real Madrid | - | ÍB Keflavík | 3:0 (2:0) | ||
| R | ÍB Keflavík | - | Real Madrid | 0:1 (0:0) | ||
| H: 13.09.1972 20:30 | R: 27.09.1972 18:30 | Sieger: Real Madrid | ||||
| H | Celtic FC | - | Rosenborg BK | 2:1 (2:0) | ||
| R | Rosenborg BK | - | Celtic FC | 1:3 (1:0) | ||
| H: 13.09.1972 20:45 | R: 27.09.1972 19:30 | Sieger: Celtic FC | ||||
