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| H | Ferencvárosi TC | - | Crvena Zvezda | 2:1 (1:0) | ||
| R | Crvena Zvezda | - | Ferencvárosi TC | 2:2 (0:1) | ||
| H: 09.04.1975 | R: 23.04.1975 | Sieger: Ferencvárosi TC | ||||
| H | Dinamo Kiev | - | PSV Eindhoven | 3:0 (2:0) | ||
| R | PSV Eindhoven | - | Dinamo Kiev | 2:1 (1:0) | ||
| H: 09.04.1975 | R: 23.04.1975 | Sieger: Dinamo Kiev | ||||
