The 1961–62 FIBA European Champions Cup season was the fifth season of the European top-tier level professional basketball club competition FIBA European Champions Cup (now called EuroLeague).

It was won by Dinamo Tbilisi, after they beat Real Madrid, in the first ever single game EuroLeague Final, by a result of 90–83, in Geneva, Switzerland.

European national domestic league champions, plus the then current FIBA European Champions Cup title holders only, playing in a tournament system.

The Final was a single game, played on a neutral court.

Attendance:5,000[1] 29 June 1962 Dynamo after the Final Match Fact File