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

1Basel withdrew from the second leg, which was then awarded 3–0 for Bayern Munich. 2Barcelona progressed to the Second round after winning a play-off match 3–2.

First leg

Second leg

Sampdoria won 3–0 on aggregate. Petrolul Ploiești won 5–0 on aggregate. Real Zaragoza won 8–2 on aggregate. Aggregate 2–2 Ferencváros won 7–5 on aggregate. Drumcondra won 6–4 on aggregate. Leipzig XI won 2–1 on aggregate. Dinamo Zagreb won 2–1 on aggregate. Union Saint-Gilloise won 4–3 on aggregate. Utrecht XI won 5–3 on aggregate. Hibernian won 7–2 on aggregate. Valencia won 6–4 on aggregate. Dunfermline won 2–1 on aggregate. Roma won 13–3 on aggregate. Red Star Belgrade won 2–1 on aggregate.

Play-off

Barcelona won 5–4 on aggregate.

Second round

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

Second leg

Aggregate 2–2 Leipzig XI 1–1 Petrolul Ploiești on aggregate. Bayern Munich won 6–1 on aggregate. Ferencváros won 6–1 on aggregate. Hibernian won 3–1 on aggregate. Aggregate 6–6 Roma won 5–4 on aggregate. Aggregate 3–3

Play-off

Quarter-finals

First leg

Second leg

Roma won 3–2 on aggregate. Ferencváros won 2–1 on aggregate. Dinamo Zagreb won 4–1 on aggregate. Valencia won 6–2 on aggregate.

Semi-finals

First leg

Second leg

Valencia won 3–1 on aggregate. Dinamo Zagreb won 3–1 on aggregate.

Final

First leg

Second leg

Valencia won 4–1 on aggregate.