The 1971–72 season of the European Cup Winners' Cup football club tournament was won by Rangers, who defeated Dynamo Moscow in the final.

[1] 4–4 on aggregate; Austria Wien won on away goals.

2–2 on aggregate; BFC Dynamo won 5–4 on penalties.

Red Star Belgrade won 8–4 on aggregate.

[note 1] BFC Dynamo won 6−2 on aggregate.

2–2 on aggregate; Dynamo Moscow won 4–1 on penalties.