| Tournament details | |
|---|---|
| Teams | 17 | 
| Final positions | |
| Champions |  Nissan (1st title) | 
| Runners-up |  Al Nasr | 
The winners of the 1991–92 Asian Cup Winners' Cup, the association football competition run by the Asian Football Confederation, are listed below.
First round
West Asia
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Sharjah  | 2–2 (a) |  Dhofar | 2–1 | 0–1 | 
| Al Sadd  | 2–2 (2–4p) |  Kazma | 1–1 | 1–1 | 
| Al Nasr  | 4–2 |  Al Ansar | 2–1 | 2–1 | 
| Al Ahli  | 1–2 |  Al Ramtha | 1–0 | 0–2 | 
| Al Ahli  | bye | |||
| Malavan  | bye | 
East Asia
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Nissan  | 6–0 |  Geylang | 6–0 | 0–0 | 
| Pupuk Kaltim  | 9–01 |  Karachi Port Trust | 6–0 | 3–0 | 
| Abahani KC  | 0–1 |  East Bengal | 0–0 | 0–1 | 
| Sinugba .svg.png.webp) | bye2 | 
1 Pupuk Kaltim entered as the Indonesian league runners-up for 1990, as the 1990/92 league had not yet finished. 
2 Sinugba were drawn against the South Korean representatives, but the South Korean FA did not send a team.
Second Round (West Asia)
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Al Nasr  | 2–0 |  Al Ahli | 2–0 | 0–0 | 
| Al Ramtha  | 2–1 |  Dhofar | 1–0 | 1–1 | 
| Malavan  | bye | |||
| Kazma  | bye | 
Quarterfinals
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Al Ramtha  | 1–1 (a) |  Malavan | 0–0 | 1–1 | 
| Kazma  | 1–3 |  Al Nasr | 0–1 | 1–2 | 
| East Bengal  | 1–7 |  Nissan | 1–3 | 0–4 | 
| Pupuk Kaltim  | w/o1 | .svg.png.webp) Sinugba | 
1 Sinugba withdrew.
Semifinals
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Al Ramtha  | 1–3 |  Al Nasr | 0–1 | 1–2 | 
| Nissan  | 2–0 |  Pupuk Kaltim | 2–0 | 0–0 | 
Final
Al Nasr lost 5-0 was the record in the finals of the Asian Cup Winners' Cup
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg | 
|---|---|---|---|---|
| Al Nasr  | 1–6 |  Nissan | 1–1 | 0–5 | 
1st leg
| Al Nasr  | 1–1 |  Nissan | 
|---|---|---|
| Walid Al Torayr  72' | Koichi Hashiratani  04' | 
Referee: Fayez Betar (Syria)
2nd leg
| Nissan  | 5–0 |  Al Nasr | 
|---|---|---|
| Everton  35' Carlos Renato  37', 52', 62' Matsuhashi  70' | 
Nissan fc Stadium
References
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