They beat Atlético Madrid by a single goal over two legs, while they defeated Floriana 13–1 on aggregate in the first round.

Dortmund took the lead in the second half when Sigfried Held scored, Liverpool equalised seven minutes later through Roger Hunt.

Dortmund won 3–0 after goals from Wilhelm Sturm, Sigfried Held and Aki Schmidt.

CSKA won the match 4–2, but Dortmund progressed to the quarter-finals after winning the tie 5–4 on aggregate.

[3] Dortmund's opponents in the quarter-finals were Spanish cup winners' Atlético Madrid.

Dortmund won the second leg 1–0 in Germany and progressed to the semi-finals courtesy of a 2–1 aggregate victory.

The second leg was held at Liverpool's home ground Anfield, and they won the match 2–0 with two first half goals from Chris Lawler and Geoff Strong.

The first leg at Honvéd's home ground the Bozsik József Stadion ended in a 0–0 draw.

A 2–0 victory in the second leg in England ensured Liverpool won the tie 2–0 on aggregate to progress to the semi-finals.

[9] Liverpool had won the 1965–66 Football League, a victory over Chelsea ensured they became English champions.

[10] Their league success meant that whatever the result they would be competing in the European Cup the following season.

They were only denied by a number of saves from Liverpool goalkeeper Tommy Lawrence, ensuring it remained 0–0 at half-time.

Sigfried Held passed to Lothar Emmerich on the left hand side of the pitch, Emmerich played a lofted pass to Held, who volleyed the ball into the goal to give Dortmund a 1–0 lead.

Peter Thompson ran down the left hand side of the pitch and passed to Roger Hunt who scored to level the match at 1–1.

A clearance by Liverpool goalkeeper Lawrence found Dortmund midfielder Reinhard Libuda.