Final (March 13, PalaGiglio, Florence): Knorr Bologna - Real Madrid 79-74

Winner: Virtus Knorr Bologna (Italy): Micheal Ray Richardson, Clemon Johnson, Roberto Brunamonti, Augusto Binelli, Claudio Coldebella, Mike Sylvester, Lauro Bon, Vittorio Gallinari, Massimiliano Romboli, Clivo Massimo Righi, Tommaso Tasso, Davide Bonora, Andrea Cempini, Saverio Nero (Coach: Ettore Messina)

Runner-up: Real Madrid (Spain): Mike Anderson, José "Piculín" Ortiz, Anthony Frederick, Dennis Clay Nutt, Jose Biriukov, Fernando Romay, Antonio Martín, José Luis Llorente, Pep Cargol, Quique Villalobos, Javi Perez, Miguel Angel Cabral, Ismael Santos, Tomas Gonzalez, Ben McDonald, Fernando Martín (Coach: George Karl)

Semifinals
Knorr Bologna - PAOK 77-57 and 94-100
Real Madrid - Žalgiris 93-80 and 77-89

Quarterfinals
Group A
1. Knorr Bologna 5-1
2. Žalgiris 3-3
3. Sunair Oostende 2-4
4. Maccabi Ramat Gan 2-4
Group B
1. Real Madrid 5-1
2. PAOK 4-2
3. Partizan 2-4
4. Mulhouse 1-5

Second Round
Uudenkaupungin Urheilijat - Maccabi Ramat Gan 96-93 and 90-95
Södertälje - Sunair Oostende 78-72 and 62-74
Ovarense - PAOK 83-101 and 67-117
Bayer Leverkusen - Mulhouse 97-88 and 77-96
Çukurova Üniversitesi - Knorr Bologna 72-71 and 64-108
CSKA Sofia - Real Madrid 92-109 and 87-95
Apollon Limassol - Partizan 71-100 and 68-82
T71 Dudelange - Žalgiris 80-112 and 69-128

First Round
Uudenkaupungin Urheilijat - Manchester United 100-93 and 77-83
Sunair Oostende - Nashua Den Bosch 75-69 and 70-68
Scholl Wels - Ovarense 91-113 and 63-111
Ungmennafélag Njarðvíkur - Bayer Leverkusen 81-112 and 74-104
Honvéd - Çukurova Üniversitesi 70-93 and 81-105