Ceturtdiena, 20. oktobris, 2011 — ceturtdiena, 22. decembris, 2011
| | 73:84 |  | Partizan — Efes Pilsen | |     |
| | 76:100 | | Belgacom Spirou — Real Madrid | | |
| | 89:92 | | EA Milan — Maccabi Electra | | |
| | 79:80 | | Efes Pilsen — Belgacom Spirou | | |
| | 85:78 | | Real Madrid — EA Milan | | |
| | 70:66 | | Maccabi Electra — Partizan | | |
| | 88:82 | | Maccabi Electra — Real Madrid | | |
| | 91:81 | | Partizan — Belgacom Spirou | | |
| | 54:62 | | EA Milan — Efes Pilsen | | |
| | 72:79 | | Efes Pilsen — Maccabi Electra | | |
| | 76:81 | | Belgacom Spirou — EA Milan | | |
| | 80:79 | | Partizan — Real Madrid | | |
| | 69:59 | | Maccabi Electra — Belgacom Spirou | | |
| | 104:84 | | Real Madrid — Efes Pilsen | | |
| | 65:69 | | EA Milan — Partizan | | |
| | 67:58 | | Efes Pilsen — Partizan | | |
| | 93:89 | | Real Madrid — Belgacom Spirou | | |
| | 85:76 | | Maccabi Electra — EA Milan | | |
| | 62:66 | | Belgacom Spirou — Efes Pilsen | | |
| | 65:72 | | EA Milan — Real Madrid | | |
| | 74:71 | | Partizan — Maccabi Electra | | |
| | 84:70 | | Efes Pilsen — EA Milan | | |
| | 84:79 | | Belgacom Spirou — Partizan | | |
| | 88:64 | | Real Madrid — Maccabi Electra | | |
| | 88:53 | | EA Milan — Belgacom Spirou | | |
| | 101:83 | | Real Madrid — Partizan | | |
| | 96:57 | | Maccabi Electra — Efes Pilsen | | |
| | 66:75 | | Efes Pilsen — Real Madrid | | |
| | 66:72 | | Partizan — EA Milan | | |
| | 69:86 | | Belgacom Spirou — Maccabi Electra | | |
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