The Final was held at the Sporthalle, in Cologne, West Germany, on March 25, 1982.

Squibb Cantù defeated the defending title holders, Maccabi Elite Tel Aviv, by a result of 86–80.

*Sporting was drawn into this group, but withdrew before the competition.

*Zamalek SC was drawn into this group, but withdrew before the competition.

*Al-Ittihad Aleppo was drawn into this group, but withdrew before the competition.