The 1966–67 season of the European Cup Winners' Cup club football competition was won by Bayern Munich with a 1–0 final victory over Rangers, who had eliminated holders Borussia Dortmund. It was the fourth time in six years that the final required at least extra time to decide the winners.
| Final positions | |
|---|---|
| Champions |  Bayern Munich (1st title) |
| Runners-up |  Rangers |
Preliminary round
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
| Valur | 2–9 | Standard Liège | 1–1 | 1–8 |
First round
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
| OFK Beograd | 1–6 | Spartak Moscow | 1–3 | 0–3 |
| Rapid Wien | 9–3 | Galatasaray | 4–0 | 5–3 |
| Shamrock Rovers | 8–2 | Spora Luxembourg | 4–1 | 4–1 |
| Tatran Prešov | 3–4 | Bayern Munich | 1–1 | 2–3 |
| Fiorentina | 3–4 | Vasas ETO Győr | 1–0 | 2–4 |
| AEK Athens | 2–4 | Braga | 0–1 | 2–3 |
| BSG Chemie Leipzig | 5–2 | Legia Warsaw | 3–0 | 2–2 |
| Standard Liège | 6–1 | Apollon Limassol | 5–1 | 1–0 |
| Servette | 3–2 | Åbo IFK | 1–1 | 2–1 |
| Floriana | 1–7 | Sparta Rotterdam | 1–1 | 0–6 |
| Strasbourg | 2–1 | Steaua București | 1–0 | 1–1 |
| Swansea Town | 1–5 | Slavia Sofia | 1–1 | 0–4 |
| Glentoran | 1–5 | Rangers | 1–1 | 0–4 |
| Borussia Dortmund | Bye | n/a | n/a | |
| Skeid | 4–5 | Real Zaragoza | 3–2 | 1–3 |
| Aalborg BK | 1–2 | Everton | 0–0 | 1–2 |
First leg
| Fiorentina | 1–0 | Vasas ETO Győr |
|---|---|---|
| Chiarugi 61' |
| Standard Liège | 5–1 | Apollon Limassol |
|---|---|---|
| Claessen 25' Bleser 43' Dewalque 46', 52' Germano 50' | Report | Ioannou 80' |
| AEK Athens | 0–1 | Braga |
|---|---|---|
| Report |
|
| Strasbourg | 1–0 | Steaua București |
|---|---|---|
| Muller 56' | Report |
Second leg
| Braga | 3–2 | AEK Athens |
|---|---|---|
| Report |
|
Braga won 4–2 on aggregate.
| Vasas ETO Győr | 4–2 | Fiorentina |
|---|---|---|
| Stolcz 9' 60' Varsányi 36' Orbán 86' | Bertini 20' De Sisti 32' |
Raba ETO Győr won 4–3 on aggregate.
| Apollon Limassol | 0–1 | Standard Liège |
|---|---|---|
| Report | Claessen 78' |
Standard Liège won 6-1 on aggregate.
| Steaua București | 1–1 | Strasbourg |
|---|---|---|
| Avram 68' | Report | Hausser 61' |
Strasbourg won 2–1 on aggregate.
Second round
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
| Spartak Moscow | 1–2 | Rapid Wien | 1–1 | 0–1 |
| Shamrock Rovers | 3–4 | Bayern Munich | 1–1 | 2–3 |
| Vasas ETO Győr | 3–2 | Braga | 3–0 | 0–2 |
| BSG Chemie Leipzig | 2–2 (a) | Standard Liège | 2–1 | 0–1 |
| Servette | 2–1 | Sparta Rotterdam | 2–0 | 0–1 |
| Strasbourg | 1–2 | Slavia Sofia | 1–0 | 0–2 |
| Rangers | 2–1 | Borussia Dortmund | 2–1 | 0–0 |
| Real Zaragoza | 2–1 | Everton | 2–0 | 0–1 |
First leg
| Strasbourg | 1–0 | Slavia Sofia |
|---|---|---|
| Hausser 38' |
| Vasas ETO Győr | 3–0 | Braga |
|---|---|---|
| Szaló 3', 73' Ribeiro 72' (o.g.) | Report |
Second round
| Slavia Sofia | 2–0 | Strasbourg |
|---|---|---|
| Tasev 42' Mishev 49' |
Slavia Sofia won 2–1 on aggregate.
| Braga | 2–0 | Vasas ETO Győr |
|---|---|---|
| Perrichon 42' Craveiro 83' | Report |
Vasas ETO Győr won 3–2 on aggregate.
Quarter-finals
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
| Rapid Wien | 1–2 (aet) | Bayern Munich | 1–0 | 0–2 |
| Vasas ETO Győr | 2–3 | Standard Liège | 2–1 | 0–2 |
| Servette | 1–3 | Slavia Sofia | 1–0 | 0–3 |
| Rangers | 2–2 (c) | Real Zaragoza | 2–0 | 0–2 |
Semi-finals
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
| Bayern Munich | 5–1 | Standard Liège | 2–0 | 3–1 |
| Slavia Sofia | 0–2 | Rangers | 0–1 | 0–1 |
First leg
| Bayern Munich | 2–0 | Standard Liège |
|---|---|---|
| Müller 2' Kupferschmidt 10' | Report Report 2 |
Second leg
| Standard Liège | 1–3 | Bayern Munich |
|---|---|---|
| Galić 32' | Report Report 2 | Müller 26', 73', 82' |
Bayern Munich won 5–1 on aggregate.
Rangers won 2–0 on aggregate.
Final
| Bayern Munich | 1–0 (a.e.t.) | Rangers |
|---|---|---|
| Roth 109' | Evening Times Report |