| P | W | D | L | F | A | GD | Pt | |
| FC Porto | 6 | 5 | 1 | 0 | 12 | 4 | +8 | 16 |
| Rosenborg | 6 | 3 | 0 | 3 | 7 | 11 | -4 | 9 |
| AC Milan | 6 | 2 | 1 | 3 | 13 | 11 | +2 | 7 |
| IFK Gothenburg | 6 | 1 | 0 | 5 | 7 | 13 | -6 | 3 |
| Wednesday 11th September 1996 | |||
| AC Milan | 2-3 | FC Porto | |
| IFK Gothenburg | 2-3 | Rosenborg | |
| Wednesday 25th September 1996 | |||
| FC Porto | 2-1 | IFK Gothenburg | |
| Rosenborg | 1-4 | AC Milan | |
| Wednesday 16th October 1996 | |||
| IFK Gothenburg | 2-1 | AC Milan | |
| Rosenborg | 0-1 | FC Porto | |
| Wednesday 30th October 1996 | |||
| AC Milan | 4-2 | IFK Gothenburg | |
| FC Porto | 3-0 | Rosenborg | |
| Wednesday 20th November 1996 | |||
| FC Porto | 1-1 | AC Milan | |
| Rosenborg | 1-0 | IFK Gothenburg | |
| Wednesday 4th December 1996 | |||
| AC Milan | 1-2 | Rosenborg | |
| IFK Gothenburg | 0-2 | FC Porto | |
