The 1964–65 Inter-Cities Fairs Cup was the seventh Inter-Cities Fairs Cup. The competition was won by Ferencváros, who beat Juventus in the final at the Italians' home ground, the Stadio Comunale in Turin. It was only the second time that a Spanish side had not won the competition, and the first of two occasions it went to Eastern Europe.

Format

The entrants, format, and initial draw were announced on 25 June 1964 in Barcelona. The organisers received 77 applications and accepted 48, a surprise increase from 32 the previous season. There were 12 groups of four, with two elimination rounds producing group winners to be drawn subsequently into a third round, two of whose six winners would receive a bye to the semifinals while the other four played quarter finals.

First round

First leg

Second leg

Juventus won 2–0 on aggregate. Petrolul Ploiești won 3–1 on aggregate. Basel won 2–1 on aggregate. Strasbourg won 2–1 on aggregate. Barcelona won 2–1 on aggregate. Celtic won 4–1 on aggregate. Aggregate 1–1. Manchester United won 7–2 on aggregate. Roma won 3–0 on aggregate. Ferencváros won 2–1 on aggregate.

Play-off

Shelbourne won 3-2 on aggregate.

Second round

First leg

The NK Zagreb – Roma match came close to being cancelled due to the 1964 Zagreb flood. Proceeds from the ticket sales were donated toward the flood recovery efforts.

Second leg

Juventus won 1–0 on aggregate. Lokomotiv Plovdiv won 2–1 on aggregate. Strasbourg won 6–2 on aggregate. Manchester United won 10–1 on aggregate. Roma won 2–1 on aggregate. Atlético won 2–0 on aggregate.

Third round

The draw for the third round was made in Rome on 3 December 1964.

First leg

Second leg

Lokomotiv Plovdiv 2–2 Juventus on aggregate. Strasbourg won on coin toss. Juventus won 2–1 in play-off. Manchester United won 3–2 on aggregate. Ferencváros won 3–1 on aggregate.

Quarter-finals

First leg

Second leg

Manchester United won 5–0 on aggregate.

Semi-finals

First leg

Second leg

Juventus 4–4 Atlético Madrid on aggregate. Juventus won 3–1 in play-off. Ferencváros 3–3 Manchester United on aggregate. Ferencváros won 2–1 in play-off.

Final