The OFC–UEFA play-off of the 1992 Olympic Football Tournament qualification competition was a two-legged tie that decided one spot in the 1992 Olympic football tournament in Spain.

The play-off was contested by the winners from the OFC, Australia, and the fourth-ranked team from UEFA, the Netherlands.

[1] The first leg in Sydney finished as a 1–1 draw, while the second leg in Utrecht finished as a 2–2 draw after extra time.

Though level 3–3 on aggregate, Australia won on away goals and qualified for the 1992 Summer Olympics.

Australia won on away goals and qualified for the 1992 Summer Olympics.