The 1993–94 season of the European Cup Winners' Cup was won by English club Arsenal, who beat defending champions Parma in the final. The tournament would be renamed to the UEFA Cup Winners' Cup the following season.

Teams

Lithuania, Latvia, Estonia, Belarus, Croatia entered for the first time, as Czechoslovakia split between Czech Republic and Slovakia.

Qualifying round

First leg

Second leg

Balzers won 3–1 on aggregate. ''Awarded. The match was never played due to RAF Jelgava's flight being cancelled. HB Tórshavn won 3–1 on aggregate.'' Lillestrøm won 8–1 on aggregate. Košice won 3–1 on aggregate. Maccabi Haifa won 7–1 on aggregate. Lugano won 6–2 on aggregate. APOEL won 3–2 on aggregate. Shelbourne won 3–2 on aggregate. Valur won 4–1 on aggregate. Odense BK won 1–0 on aggregate. Degerfors won 6–1 on aggregate.

First round

First leg

Second leg

Maccabi Haifa won 3–2 on aggregate. Standard Liège won 8–3 on aggregate. Parma won 4–1 on aggregate. Paris Saint-Germain won 3-0 on aggregate. Universitatea Craiova won 7–0 on aggregate. Bayer Leverkusen won 5–0 on aggregate. Aberdeen won 7–0 on aggregate. Arsenal won 3–2 on aggregate. Benfica won 2–1 on aggregate. Panathinaikos won 5–1 on aggregate. CSKA Sofia won 11–1 on aggregate. Ajax won 6–1 on aggregate. Beşiktaş won 3–2 on aggregate. Tirol Innsbruck won 5–1 on aggregate. Real Madrid won 6–1 on aggregate. Torino won 3–2 on aggregate.

Second round

First leg

Second leg

Ajax won 6–1 on aggregate. Bayer Leverkusen won 5–3 on aggregate. Paris Saint-Germain won 6–0 on aggregate. Benfica won 6–2 on aggregate. 1–1 on aggregate; Parma won 3–1 on penalties. Torino won 5–3 on aggregate. Arsenal won 10–0 on aggregate. Real Madrid won 4–1 on aggregate.

Quarter-finals

First leg

Second leg

Arsenal won 1–0 on aggregate. Paris Saint-Germain won 2–1 on aggregate. 5–5 on aggregate; Benfica won on away goals. Parma won 2–0 on aggregate.

Semi-finals

First leg

Second leg

Arsenal won 2–1 on aggregate. 2–2 on aggregate; Parma won on away goals.

Final

Top goalscorers

The top goalscorers from the 1993–94 European Cup Winners' Cup are as follows: