| Finals | | team 2 | leg 1 | leg 2 | team 2 | att. | | Vasas Budapest | HUN | 8-5 | 9-6 | Pallanuoto Pescara | ITA | 17-11 |
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| team 2 | leg 1 | leg 2 | team 2 | att. | | JUG Dubrovnik |  CRO | 7-6 | 8-10 | Vasas Budapest | HUN | 15-16 | | Mediterrani Barcelona | ESP | 9-9 | 9-13 | Pallanuoto Pescara | ITA | 18-22 |
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| date | team 1 | score | team 2 | 1T | 2T | 3T | | --- 04.03.95 | JUG Dubrovnik | CRO | 7-6 | Vasas Budapest | HUN | 1-0 | 4-1 | 5-3 | | --- 12.03.95 | Vasas Budapest | HUN | 10-8 | JUG Dubrovnik | CRO | 3-2 | | --- 07.03.95 | Mediterrani Barcelona | ESP | 9-9 | Pallanuoto Pescara | ITA | 2-2 | 4-4 | 6-8 | | 1T: 2-2 0-1 Calcaterra, 1-1 Lobera, 2-1 Ballart ,2-2 Pomilio 2T: 2-2 3-2 Lobera, 3-3 Bezmalinovic, 4-3 Goma, 4-4 Pomilio 3T: 2-4 4-5 Pomilio, 5-5 Lobera, 6-5 Ballart, 6-6 Salonia, 6-7 Papa, 6-8 Salonia 1T: 3-1 6-0 Bezmalinovic, 7-9 Goma, 8-9 Lobera 9-9 Aznar. Referees: Papazian, France and Tellegan, Netherlands. | | --- 14.03.95 | Pallanuoto Pescara | ITA | 13-9 | Mediterrani Barcelona | ESP | 4-0 | 7-4 | 12-5 | | Pescara: Frammolini, D'Altrui, Papa, Bezmalinovic 2, Estiarte 1, Pomilio 3, R. Calcaterra 3, Salonia, F. Mamarella, Ciavatella, F. Mammarella, Baffetti, A. Calcaterra 4 --- Mediterrani: Giner, Gutierez, Ballart 2, Barahona 1, Rojas, Pujal, Lobera 5, Sanchez, Cusco, Garriga, Goma 1, Asnar, Neira. Supper: 3/3-3/8. Referees: Bookelmann, Netherlands and Ludecke, Germany. |
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| | | 14/15.01-28/29.01. Draw 11.12.1994 |
| Vasas Budapest | HUN | 9-6 | 13-10 | Olympiakos Pireas | GRE | 22-16 | | ASC Alphen | NED | 7-7 | 9-19 | Pallanuoto Pescara | ITA | 16-26 | | Hohenlimburger SV |  GER | 6-12 | ---- | Dubrovnik | CRO | | Mediterrani Barcelona | ESP | 10-7 | 8-9 | Slavia Bratislava | SVK |
| date | team 1 | score | team 2 | 1T | 2T | 3T | | --- 23.01.95 | Vasas Budapest | HUN | 9-6 | Olympiakos Pireas | GRE | 4-- | | --- 24.01.95 | ASC Alphen | NED | 7-7 | Pallanuoto Pescara | ITA | 2-1 | 2-4 | 5-6 | | Alphen: Van der LEden 3, Pielstroom 2, Boom 1, Stoffels 1 --- Pescara: Allessandro Calcaterra 3, Bezmalinovic 1, Estiarte 1, Roberto Calcaterra 1, Salonia 1. |
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| date | date | team 1 | score | team 2 | 1T | 2T | 3T | | --- 21.01.95 | Mediterrani Barcelona | 10-7 | Slavia Bratislava | 4-3 | 5-4 | 8-7 | | --- 04.05.95 | Slavia Bratislava | --- | Mediterrani Barcelona |
| Group A Pireaus | | Medi | Olym | Azov | Raci | pts | won | drw | lst | gf | ga | g+- | | 1. Meditterani Barcelona |  ESP | --- | 7:6 | bt | 14:7 | 6 | 3 | 0 | 0 | | 2. Olympiakos Pireas |  GRE | | --- | 13:9 | bt | 4 | 2 | 0 | 1 | | 3. Azov Mariupol |  UKR | | | --- | 8:7 | 2 | 1 | 0 | 2 | | 4. Racing Paris |  FRA | | | | --- | 0 | 0 | 0 | 3 |
| date | date | team 1 | score | team 2 | 1T | 2T | 3T | | Fri 09.12.94 | 17:00 | Meditterani Barcelona | | Azov Mariupol | | | Fri 09.12.94 | | Olympiakos Pireas | | Racing Paris | | | Sat 10.12.94 | 17:00 | Meditterani Barcelona | 14-7 | Racing Paris | 5-1 | 10-0 | 12-4 | | Meditterani: Ballart 4, Goma 3, Aznar 3, Puyal 1, Sanchez 1, Barahona 1, Neira 1. | | Sat 10.12.94 | | Olympiakos Pireas | 13-9 | Azov Mariupol | | | Sun 11.12.94 | 17:00 | Azov Mariupol | 8-7 | Racing Paris | | | Sun 11.12.94 | 19:45 | Meditterani Barcelona | 7-6 | Olympiakos Pireas | 1-2 | 4-4 | 5-5 | | Meditterani: Ballart 5, Puyal 1, Aznar 1. |
| Group B Katwijk | | Vasa | Alph | CSKA | Kran | pts | won | drw | lst | gf | ga | g+- | | 1. Vasas Budapest |  HUN | --- | | 8:3 | 25:4 | 4 | 2 | 0 | 1 | 40: | 15 | +25 | | 2. AZC Alphen |  NED | 8:7 | --- | | bt | 4 | 2 | 0 | 1 | | 3. CSKA Moskva |  RUS | | 10:8 | --- | 18:2 | 4 | 2 | 0 | 1 | 31: | 18 | +13 | | 4. Triglav Kranj |  SLO | | | | --- | 0 | 0 | 0 | 3 |
| date | team 1 | score | team 2 | 1T | 2T | 3T | | Sun 09.12.94 | Vasas Budapest | HUN | 8-3 | CSKA Moskva | RUS | | | Fri 09.12.94 | AZC Alphen | NED | 0-0 | Triglav Kranj | SLO | | | Sat 10.12.94 | Vasas Budapest | HUN | 25-4 | Triglav Kranj | SLO | | | Sat 10.12.94 | CSKA Moskva | RUS | 10-8 | AZC Alphen | NED | 2-2 | 4-5 | 7-6 | | Alphen: Stoffels 3, Thomas 2, Pielstroom 2, Brebe 1. | | Sun 11.12.94 | CSKA Moskva | RUS | 18-2 | Triglav Kranj | SLO | 4-0 | 7-1 | 13-2 | | Sun 11.12.94 | AZC Alphen | NED | 8-7 | Vasas Budapest | HUN | 2-2 | 3-4 | 6-7 | | Alphen: Van der Leden 3, Zuidweg 2, Brebde 2, Pielstroom 1. |
| Group C Bratislava | | Dubr | Slav | Volt | Tour | Heib | pts | won | drw | lst | gf | ga | g+- | | 1. Dubrovnik | CRO | --- | 9:7 | 10:6 | 13:3 | 18:4 | 8 | 4 | 0 | 0 | 50: | 20 | +30 | | 2. Slavia UK Bratislava |  SVK | | --- | 11:10 | | 19:7 | 6 | 2 | 1 0 | 1 | | 3. Volturno |  ITA | | | --- | 15:8 | | 4 | 2 | 0 1 | 1 | | 4. Tournai |  BEL | | | | --- | 11:9 | 2 | 1 | 0 | 3 | | 5. Heybeliada |  TUR | | | | | --- | 0 | 0 | 0 | 4 |
| date | time | team 1 | score | team 2 | 1T | 2T | 3T | FT | 1ET | | Wed 07.12.94 | 17:30 | Slavia UK Bratislava | SVK | 0-0 | Tournai | BEL | | | Wed 07.12.94 | 19:00 | Volturno | ITA | 0-0 | Heybeliada | TUR | | | Thu 08.12.94 | 17:30 | Dubrovnik | CRO | 13-3 | Tournai | BEL | | | Thu 08.12.94 | 19:00 | Slavia UK Bratislava | SVK | 19-7 | Heybeliada | TUR | | | Fri 10.12.94 | 17:30 | Dubrovnik | CRO | 18-4 | Heybeliada | TUR | | | Fri 09.12.94 | 19:00 | Slavia UK Bratislava | SVK | 11-10aet | Volturno | ITA | 3-1 | 5-4 | 8-7 | 9-9 | 9-10 | | Sat 10.12.94 | 17:30 | Tournai | BEL | 11-9 | Heybeliada | TUR | | | Sat 10.12.94 | 19:00 | Dubrovnik | CRO | 10-6 | Volturno | ITA | | | Sun 11.12.94 | 10:30 | Volturno | ITA | 15-8 | Tournai | BEL | | | Sun 11.12.94 | 12:00 | Dubrovnik | CRO | 9-7 | Slavia UK Bratislava | SVK | 3-0 | 5-2 | 7-4 | | Dubrovnik: Fatovic 3, Bobic 3 --- Slavia: Kmet 3, Gyurcsi 2, Toth 2. |
| Group D Pescara | | Pesc | Hohe | DiBu | HlKT | pts | won | drw | lst | gf | ga | g+- | | 1. Pallanuoto Pescara | ITA | --- | 8:5 | | 22:2 | 6 | 3 | 0 | 0 | | 2. Hohenlimburger SV | GER | | --- | 7:5 | 15:7 | 4 | 2 | 0 | 1 | 27: | 20 | +7 | | 3. Dinamo Bucuresti |  ROU | | | --- | 11:3 | 2 | 1 | 0 | 2 | | 4. Hapoel Kirgat Tevon |  ISR | | | | --- | 0 | 0 | 0 | 3 | 12: | 48 | -36 |
| date | team 1 | score | team 2 | 1T | 2T | 3T | | Fri 09.12.94 | Dinamo Bucuresti | ROU | 11-3 | Hapoel Kirgat Tevon | ISR | | | Fri 09.12.94 | Pallanuoto Pescara | ITA | 8-5 | Hohenlimburger SV | GER | | | Sat 10.12.94 | Hohenlimburger SV | GER | 7-5 | Dinamo Bucuresti | ROU | | | Sat 10.12.94 | Pallanuoto Pescara | ITA | bt | Dinamo Bucuresti | ROU | | | Sun 11.12.94 | Pallanuoto Pescara | ITA | 22-2 | Hapoel Kirgat Tevon | ISR | | | Sun 11.12.94 | Hohenlimburger SV | GER | 15-7 | Hapoel Kirgat Tevon | ISR | |
| Pallanuoto Pescara Ita - ANO Glyfada Gre 13-5 |
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