The 1971–72 European Cup was the 17th season of the European Cup, UEFA's premier club football tournament. The competition was won by Ajax, who beat Inter Milan in the final at De Kuip in Rotterdam, on 31 May 1972. It was the second consecutive win for Ajax, as well as third for Netherlands. It was also the first European Cup final where both finalists had previously won and lost competition finals.
De Kuip in Rotterdam hosted the final.