![]() Champions Milan lifting the trophy  | |
| Final positions | |
|---|---|
| Champions | |
| Runners-up | |
The 1967–68 season of the European Cup Winners' Cup club football tournament was won by Milan following their final victory against Hamburg, the fourth West German finalist in four years. Milan beat defending champions Bayern Munich en route to the final.
First round
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Altay SK  | 
2–3 | 2–3 | 0–0 | |
| Aberdeen  | 
14–1 | 10–0 | 4–1 | |
| Győri ETO  | 
9–0 | 5–0 | 4–0 | |
| Milan  | 
6–2 | 5–1 | 1–1 | |
| Valencia  | 
8–2 | 4–0 | 4–2 | |
| Austria Wien  | 
1–4 | 0–2 | 1–2 | |
| Bayern Munich  | 
7–1 | 5–0 | 2–1 | |
| Fredrikstad  | 
2–7 | 1–5 | 1–2 | |
| HJK  | 
1–8 | 1–4 | 0–4 | |
| Hamburg  | 
7–3 | 5–3 | 2–0 | |
| Aris Bonnevoie  | 
1–5 | 0–3 | 1–2 | |
| Hajduk Split  | 
3–6 | 0–2 | 3–4 | |
| Floriana  | 
1–3 | 1–2 | 0–1 | |
| Shamrock Rovers  | 
1–3 | 1–1 | 0–2 | |
| Torpedo Moscow  | 
1–0 | 0–0 | 1–0 | |
| Lausanne Sports  | 
3–4 | 3–2 | 0–2 | 
First leg
| Győri ETO  | 5–0 | |
|---|---|---|
| Nell  Györffi Varsányi Szaló  | 
Report | 
| Milan  | 5–1 | |
|---|---|---|
| Sormani  Hamrin Anquilletti  | 
Asparuhov  | 
| Aberdeen  | 10–0 | |
|---|---|---|
| Munro  Storrie Smith McMillan Taylor Petersen  | 
| Austria Wien  | 0–2 | |
|---|---|---|
| Report | 
  | 
| Fredrikstad  | 1–5 | |
|---|---|---|
| Fuglset  | 
Report | Pedras  José Maria Guerreiro  | 
| Hajduk Split  | 0–2 | |
|---|---|---|
| Robertson  Greaves  | 
| Shamrock Rovers  | 1–1 | |
|---|---|---|
| Gilbert  | 
King  | 
Second leg
| Levski Sofia  | 1–1 | |
|---|---|---|
| Asparuhov  | 
Sormani  | 
Milan won 6–2 on aggregate.
| Apollon Limassol  | 0–4 | |
|---|---|---|
| Report | Kiss  Szaló Varsányi Stolcz  | 
Győri ETO won 9-0 on aggregate.
| KR Reykjavik  | 1–4 | |
|---|---|---|
| Hafsteinsson  | 
Storrie  Buchan Munro  | 
Aberdeen won 14–1 on aggregate.
Valencia won 8–2 on aggregate.
| Steaua București  | 2–1 | |
|---|---|---|
| Report | 
  | 
Steaua București won 4–1 on aggregate.
| Tottenham Hotspur  | 4–3 | |
|---|---|---|
| Robertson  Gilzean Venables  | 
Vardić  Mušović Hlevnjak  | 
Tottenham Hotspur won 6–3 on aggregate.
| Cardiff City  | 2–0 | |
|---|---|---|
| Toshack  Brown  | 
Cardiff City won 3–1 on aggregate.
| Vitória Setúbal  | 2–1 | |
|---|---|---|
| Pedras  Bonjour  | 
Report | Arntsen  | 
Vitória Setúbal won 7–2 on aggregate.
Second round
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Standard Liège  | 
3–2 | 3–0 | 0–2 | |
| Győri ETO  | 
3–3 (a) | 2–2 | 1–1 | |
| Valencia  | 
3–1 | 3–0 | 0–1 | |
| Bayern Munich  | 
7–3 | 6–2 | 1–1 | |
| Wisła Kraków  | 
0–5 | 0–1 | 0–4 | |
| Lyon  | 
4–4 (a) | 1–0 | 3–4 | |
| NAC Breda  | 
2–5 | 1–1 | 1–4 | |
| Torpedo Moscow  | 
6–1 | 3–0 | 3–1 | 
First leg
| Bayern Munich  | 6–2 | |
|---|---|---|
| Müller  Brenninger Ohlhauser Nafziger  | 
Report | Pedras  Tomé  | 
Second leg
| Vitória Setúbal  | 1–1 | |
|---|---|---|
| Pedras  | 
Report | Ohlhauser  | 
Bayern Munich won 7–3 on aggregate.
3–3 on aggregate; Milan won on away goals.
| Steaua București  | 1–0 | |
|---|---|---|
  | 
Report | 
Valencia won 3–1 on aggregate.
4–4 on aggregate; Lyon won on away goals.
Quarter-finals
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Standard Liège  | 
2–21 | 1–1 | 1–1 (a.e.t.) | |
| Valencia  | 
1–2 | 1–1 | 0–1 | |
| Hamburg  | 
2–22 | 2–0 | 0–2 | |
| Cardiff City  | 
1–13 | 1–0 | 0–1 | 
1 Milan beat Standard Liège 2–0 in a play-off.
2 Hamburg beat Lyon 2–0 in a play-off.
3 Cardiff City beat Torpedo Moscow 1–0 in a play-off.
First leg
| Standard Liège  | 1–1 | |
|---|---|---|
| Claessen  | 
Prati  | 
Second leg
| Milan  | 1–1 | |
|---|---|---|
| Rognoni  | 
Jurkiewicz  | 
2–2 on aggregate.
Play-offs
| Milan  | 2–0 | |
|---|---|---|
| Prati  Rivera  | 
Hamburg won play-off 2–0.
Cardiff City won play-off 1–0.
Semi-finals
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Milan  | 
2–0 | 2–0 | 0–0 | |
| Hamburg  | 
4–3 | 1–1 | 3–2 | 
First leg
Second leg
Milan won 2–0 on aggregate.
Hamburg won 4–3 on aggregate.
