The 1961–62 season of the European Cup Winners' Cup club football tournament was won by Atlético Madrid of Spain in a replayed final against holders Fiorentina. It was the first season of the tournament to be directly organised by UEFA.
Bracket
Preliminary round
|}
First leg
Second leg
Leixões won 7–6 on aggregate.
Dunfermline Athletic won 8–1 on aggregate.
First round
|}
First leg
Second leg
Fiorentina won 9–3 on aggregate.
Leixões won 2–1 on aggregate.
Quarter-finals
|}
Notes
Note 1: Second leg played in Gera after visas denied to the East German players.
First leg
Second leg
Motor Jena won 4–2 on aggregate.
Fiorentina won 4–2 on aggregate.
Semi-finals
|}
First leg
Second leg
Atlético Madrid won 5–0 on aggregate.
Fiorentina won 3–0 on aggregate.