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| H | Ferencvárosi TC | - | Wolverhampton Wanderers | 2:2 (2:1) | ||
| R | Wolverhampton Wanderers | - | Ferencvárosi TC | 2:1 (2:0) | ||
| H: 05.04.1972 17:30 | R: 19.04.1972 20:30 | Sieger: Wolverhampton Wanderers | ||||
| H | Tottenham Hotspur | - | AC Milan | 2:1 (1:1) | ||
| R | AC Milan | - | Tottenham Hotspur | 1:1 (0:1) | ||
| H: 05.04.1972 20:45 | R: 19.04.1972 21:15 | Sieger: Tottenham Hotspur | ||||
