The final was played over two legs at Stadio Comunale, Turin, Italy, and at San Mamés, Bilbao, Spain.

It was won by Juventus of Italy, who defeated Athletic Bilbao of Spain on the away goals rule after a 2–2 aggregate draw to claim their first UEFA Cup title.

This was the first major European conquest for Juventus, having previously lost one European Cup final and two Inter-Cities Fairs' Cup finals.

It was the first time that a team from Southern Europe had won the competition, and the last European title for an Italian team for seven years, which was their biggest international drought at club level until 2018.

[1] In their first European final, Athletic Bilbao was the first Spanish finalist in the UEFA Cup, and the only one until 1985.

Athletic became the fourth different Spanish side to lose at this stage in European competition ever since.

The original allocation scheme was as follows: Hungary and Romania were the two associations selected to have an extra third birth for this season, while the Soviet Union and Sweden went back to two qualified teams.

Queens Park Rangers won 11–0 on aggregate.

Red Star Belgrade won 5–3 on aggregate.

2–2 on aggregate; Red Star Belgrade won on away goals.

Queens Park Rangers won 8–5 on aggregate.

3–3 on aggregate; AEK Athens won on away goals.

4–4 on aggregate; Queens Park Rangers won on away goals.

3–3 on aggregate; AEK Athens won 7–6 on penalties.

1–1 on aggregate; Athletic Bilbao won on away goals.