| Tournament details | |
|---|---|
| Teams | 32 | 
| Final positions | |
| Champions | .svg.png.webp) Valencia (2nd title) | 
| Runners-up | .svg.png.webp) Dinamo Zagreb | 
| Tournament statistics | |
| Matches played | 66 | 
| Top scorer(s) |  Pedro Manfredini  Francisco Lojacono (6 goals each) | 
The fifth Inter-Cities Fairs Cup was played over the 1962–63 season. There were five representative teams for some major European cities, four of which lost out in the first round. Valencia defeated Dinamo Zagreb over two legs to defend their title.
First round
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Sampdoria  | 3–0 |  Aris Bonnevoie | 1–0 | 2–0 | 
| Viktoria Köln  | 5–7 |  Ferencváros | 4–3 | 1–4 | 
| Petrolul Ploiești .svg.png.webp) | 5–0 |  Spartak ZJŠ Brno | 4–0 | 1–0 | 
| Vojvodina .svg.png.webp) | 1–2 |  Leipzig XI | 1–0 | 0–2 | 
| Basel XI .svg.png.webp) | 0–3 |  Bayern Munich | 0–3 | – | 
| Drumcondra  | 6–5 |  Odense XI | 4–1 | 2–4 | 
| Porto  | 1–2 | .svg.png.webp) Dinamo Zagreb | 1–2 | 0–0 | 
| Marseille  | 3–4 | .svg.png.webp) Union Saint-Gilloise | 1–0 | 2–4 | 
| Valencia .svg.png.webp) | 6–4 |  Celtic | 4–2 | 2–2 | 
| Everton  | 1–2 |  Dunfermline Athletic | 1–0 | 0–2 | 
| Utrecht XI  | 5–3 |  Tasmania Berlin | 3–2 | 2–1 | 
| Hibernian  | 7–2 |  Copenhagen XI | 4–0 | 3–2 | 
| Glentoran .svg.png.webp) | 2–8 | .svg.png.webp) Real Zaragoza | 0–2 | 2–6 | 
| Altay  | 3–13 |  Roma | 2–3 | 1–10 | 
| Rapid Wien  | 1–2 | .svg.png.webp) Red Star Belgrade | 1–1 | 0–1 | 
| Belenenses  | 2–21 | .svg.png.webp) Barcelona | 1–1 | 1–1 | 
1 Barcelona progressed to the Second round after winning a play-off match 3–2.
First leg
| Sampdoria  | 1–0 |  Aris Bonnevoie | 
|---|---|---|
| Brighenti  36' | 
| Drumcondra  | 4–1 |  Odense XI | 
|---|---|---|
| Report | 
 | 
| Basel .svg.png.webp) | 0–3 |  Bayern Munich | 
|---|---|---|
| Summary | Brenninger  41', 70' Drescher  86' | 
| Everton  | 1–0 |  Dunfermline Athletic | 
|---|---|---|
| Stevens  25' | 
| Belenenses  | 1–1 | .svg.png.webp) Barcelona | 
|---|---|---|
| Estevão Mansidão  11' | Report | Fusté  8' | 
Second leg
| Aris Bonnevoie  | 0–2 |  Sampdoria | 
|---|---|---|
| Silva  52' Brenner  80' (o.g.) | 
Sampdoria won 3–0 on aggregate.
Petrolul Ploiești won 5–0 on aggregate.
|  Odense XI | 4–2 | Drumcondra  | 
|---|---|---|
| Report | 
 | 
Drumcondra won 6-4 on aggregate.
| Dunfermline Athletic  | 2–0 |  Everton | 
|---|---|---|
| Miller  5' Melrose  87' | 
Dunfermline won 2–1 on aggregate.
| Roma  | 10–1 |  Altay | 
|---|---|---|
| Manfredini  2', 41', 56', 82' Jonsson  16', 32' Lojacono  30' (pen.), 74', 89' Angelillo  69' | Nail  55' | 
Roma won 13–3 on aggregate.
| Barcelona .svg.png.webp) | 1–1 |  Belenenses | 
|---|---|---|
| Ré  11' | Report | Peres  36' | 
Play-off
| Barcelona .svg.png.webp) | 3–2 |  Belenenses | 
|---|---|---|
| Chus Pereda  15' Benítez  20' Kocsis  55' | Report | Palico  8', 62' | 
Barcelona won 5–4 on aggregate.
Second round
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Sampdoria  | 1–6 |  Ferencváros | 1–0 | 0–6 | 
| Petrolul Ploiești .svg.png.webp) | 1–11 |  Leipzig XI | 1–0 | 0–1 | 
| Bayern Munich  | 6–1 |  Drumcondra | 6–0 | 0–1 | 
| Dinamo Zagreb .svg.png.webp) | 2–22 | .svg.png.webp) Union Saint-Gilloise | 2–1 | 0–1 | 
| Valencia .svg.png.webp) | 6–63 |  Dunfermline Athletic | 4–0 | 2–6 | 
| Utrecht XI  | 1–3 |  Hibernian | 0–1 | 1–2 | 
| Real Zaragoza .svg.png.webp) | 4–5 |  Roma | 2–4 | 2–1 | 
| Red Star Belgrade .svg.png.webp) | 3–34 | .svg.png.webp) Barcelona | 3–2 | 0–1 | 
1 Petrolul Ploiești progressed to the Quarter finals after winning a play-off match 1–0.
2 Dinamo Zagreb progressed to the Quarter finals after winning a play-off match 3–2.
3 Valencia progressed to the Quarter finals after winning a play-off match 1–0.
4 Red Star Belgrade progressed to the Quarter finals after winning a play-off match 1–0.
First leg
| Petrolul Ploiești .svg.png.webp) | 1–0 |  Leipzig XI | 
|---|---|---|
| 
 | Report | 
| Sampdoria  | 1–0 |  Ferencváros | 
|---|---|---|
| Silva  18' | 
| Real Zaragoza .svg.png.webp) | 2–4 |  Roma | 
|---|---|---|
| Villa  30' Marcelino  81' | Lojacono  1' Manfredini  57' De Sisti  60' Charles  78' | 
| Bayern Munich  | 6-0 |  Drumcondra | 
|---|---|---|
| Ohlhauser  12' Kosar  47' Borutta  57' Brenninger  77' Grosser  80' Giesemann  83' | Report | 
Second leg
| Leipzig XI  | 1–0 | .svg.png.webp) Petrolul Ploiești | 
|---|---|---|
| 
 | Report | 
Leipzig XI 1–1 Petrolul Ploiești on aggregate.
|  Drumcondra | 1-0 | Bayern Munich  | 
|---|---|---|
| Dixon  58' | Report | 
Bayern Munich won 6–1 on aggregate.
| Ferencváros  | 6–0 |  Sampdoria | 
|---|---|---|
| Kökény  15', 61' Friedmanszky  16', 60' Vilezsál  70' M. Fenyvesi  71' | 
Ferencváros won 6–1 on aggregate.
| Dunfermline Athletic  | 6–2 | .svg.png.webp) Valencia | 
|---|---|---|
| Edwards  10' Sinclair  15', 16' MacLean  33' Peebles  36' Smith  66' | Guillot  22' MacLean  59' (o.g.) | 
Aggregate 6–6
| Roma  | 1–2 | .svg.png.webp) Real Zaragoza | 
|---|---|---|
| Angelillo  6' | Corsini  41' (o.g.) Sigi  83' | 
Roma's Giulio Corsini was injured in the 85th minute and had to leave the pitch as substitutions were not yet allowed.
Roma won 5–4 on aggregate.
Play-off
| Petrolul Ploiești .svg.png.webp) | 1–0 |  Leipzig XI | 
|---|---|---|
| 
 | Report | 
| Valencia .svg.png.webp) | 1–0 |  Dunfermline Athletic | 
|---|---|---|
| Mestre  58' | 
Quarter-finals
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Ferencváros  | 2–1 | .svg.png.webp) Petrolul Ploiești | 2–0 | 0–1 | 
| Bayern Munich  | 1–4 | .svg.png.webp) Dinamo Zagreb | 1–4 | 0–0 | 
| Valencia .svg.png.webp) | 6–2 |  Hibernian | 5–0 | 1–2 | 
| Roma  | 3–2 | .svg.png.webp) Red Star Belgrade | 3–0 | 0–2 | 
First leg
| Ferencváros  | 2–0 | .svg.png.webp) Petrolul Ploiești | 
|---|---|---|
| 
 | Report | 
| Roma  | 3–0 | .svg.png.webp) Red Star Belgrade | 
|---|---|---|
| Manfredini  21' Lojacono  24' Menichelli  47' | 
Hibernian
Second leg
| Petrolul Ploiești .svg.png.webp) | 1–0 |  Ferencváros | 
|---|---|---|
| 
 | Report | 
Ferencváros won 2–1 on aggregate.
| Red Star Belgrade .svg.png.webp) | 2–0 |  Roma | 
|---|---|---|
| Malešev  12', 74' | 
Roma won 3–2 on aggregate.
Semi-finals
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Ferencváros  | 1–3 | .svg.png.webp) Dinamo Zagreb | 0–1 | 1–2 | 
| Valencia .svg.png.webp) | 3–1 |  Roma | 3–0 | 0–1 | 
First leg
Second leg
Valencia won 3–1 on aggregate.
Final
First leg
| Dinamo Zagreb .svg.png.webp) | 1–2 | .svg.png.webp) Valencia | 
|---|---|---|
| Zambata  13' | Waldo  64' Urtiaga  67' | 
Second leg
| Valencia .svg.png.webp) | 2–0 | .svg.png.webp) Dinamo Zagreb | 
|---|---|---|
| Mañó  68' Nuñez  78' |