The winners of each of four home-and-away ties qualified for the final tournament in Italy.
If the aggregate scores were level at the end of the tie, a third leg had to be played at a neutral venue.
The teams were drawn in the following order: The semifinals would be: In the same meeting, it was decided that the winner of the Bulgaria-Italy tie would be the host of the final tournament in June 1968.
Soviet Union won 3–2 on aggregate and qualified for UEFA Euro 1968.
England won 3–1 on aggregate and qualified for UEFA Euro 1968.