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| H | TJ Baník Ostrava OKD | - | Crvena Zvezda | 3:1 (2:0) | ||
| R | Crvena Zvezda | - | TJ Baník Ostrava OKD | 3:0 (1:0) | ||
| H: 21.10.1981 | R: 04.11.1981 | Sieger: Crvena Zvezda | ||||
| H | Austria Wien | - | Dinamo Kiev | 0:1 (0:1) | ||
| R | Dinamo Kiev | - | Austria Wien | 1:1 (1:1) | ||
| H: 21.10.1981 18:00 | R: 04.11.1981 18:00 | Sieger: Dinamo Kiev | ||||
| H | CSKA Sofia | - | Glentoran FC | 2:0 (2:0) | ||
| R | Glentoran FC | - | CSKA Sofia | 2:1 (0:0, 2:0) n.V. | ||
| H: 21.10.1981 18:30 | R: 04.11.1981 19:30 | Sieger: CSKA Sofia | ||||
| H | KB København | - | FC Universitatea Craiova | 1:0 (1:0) | ||
| R | FC Universitatea Craiova | - | KB København | 4:1 (2:0) | ||
| H: 21.10.1981 19:00 | R: 04.11.1981 | Sieger: FC Universitatea Craiova | ||||
| H | RSC Anderlecht | - | Juventus | 3:1 (1:1) | ||
| R | Juventus | - | RSC Anderlecht | 1:1 (0:1) | ||
| H: 21.10.1981 20:00 | R: 04.11.1981 20:30 | Sieger: RSC Anderlecht | ||||
| H | BFC Dynamo | - | Aston Villa | 1:2 (0:1) | ||
| R | Aston Villa | - | BFC Dynamo | 0:1 (0:1) | ||
| H: 21.10.1981 20:00 | R: 04.11.1981 19:30 | Sieger: Aston Villa | ||||
| H | AZ '67 Alkmaar | - | Liverpool FC | 2:2 (0:1) | ||
| R | Liverpool FC | - | AZ '67 Alkmaar | 3:2 (1:0) | ||
| H: 21.10.1981 20:15 | R: 04.11.1981 20:30 | Sieger: Liverpool FC | ||||
| H | SL Benfica | - | Bayern München | 0:0 (0:0) | ||
| R | Bayern München | - | SL Benfica | 4:1 (2:0) | ||
| H: 21.10.1981 21:00 | R: 04.11.1981 20:00 | Sieger: Bayern München | ||||
