# 1994–95 UEFA Champions League knockout stage

The knockout stage of the 1994–95 UEFA Champions League began on 1 March 1995 and ended with the final at the Ernst-Happel-Stadion in Vienna, Austria, on 24 May 1995. The top two teams from each of the four groups in the group stage competed in the knockout stage. For the quarter-finals, each group winner was randomly drawn against the runner-up from another group, with the group winner hosting the second leg. The four quarter-final winners were then drawn together for the semi-finals, the winners of which contested the final.

## Qualified teams

The knockout stage involved the eight teams which qualified as winners and runners-up of all four groups in the group stage.
| Group | Winners (seeded in quarter-final draw) | Runners-up (unseeded in quarter-final draw) |
| A | IFK Göteborg | Barcelona |
| B | Paris Saint-Germain | Bayern Munich |
| C | Benfica | Hajduk Split |
| D | Ajax | Milan |

## Format

Each quarter-final and semi-final was played over two legs, with each team playing one leg at home; the team that scored the most goals over the two legs qualified for the following round. In the event that the two teams scored the same number of goals over the two legs, the team that scored more goals away from home qualified for the next round; if both teams scored the same number of away goals, matches would go to extra time and then penalties if the teams could not be separated after extra time.

## Bracket

| Quarter-finals | Quarter-finals | Quarter-finals | Quarter-finals | Quarter-finals | Semi-finals | Semi-finals | Semi-finals | Semi-finals | Semi-finals | Final | Final | Final |
| Bayern Munich (a) | Bayern Munich (a) | 0 | 2 | 2 | | | | | | | | |
| IFK Göteborg | IFK Göteborg | 0 | 2 | 2 | | | | | | | | |
| IFK Göteborg | IFK Göteborg | 0 | 2 | 2 | Bayern Munich | Bayern Munich | 0 | 2 | 2 | | | |
| | | | | | Ajax | Ajax | 0 | 5 | 5 | | | |
| Hajduk Split | Hajduk Split | 0 | 0 | 0 | Ajax | Ajax | 0 | 5 | 5 | | | |
| Hajduk Split | Hajduk Split | 0 | 0 | 0 | | 24 May – Vienna | | | |
| Ajax | Ajax | 0 | 3 | 3 | | 24 May – Vienna | | | |
| Ajax | Ajax | 0 | 3 | 3 | | Ajax | 1 | | |
| | | | | | | Ajax | 1 | | | Milan | Milan | 0 |
| Barcelona | Barcelona | 1 | 1 | 2 | | | | | | Milan | Milan | 0 |
| Paris Saint-Germain | Paris Saint-Germain | 1 | 2 | 3 | | | | | |
| Paris Saint-Germain | Paris Saint-Germain | 1 | 2 | 3 | Paris Saint-Germain | Paris Saint-Germain | 0 | 0 | 0 | | | |
| | | | | | Milan | Milan | 1 | 2 | 3 | | | |
| Milan | Milan | 2 | 0 | 2 | Milan | Milan | 1 | 2 | 3 | | | |
| Benfica | Benfica | 0 | 0 | 0 | | | | | |

## Quarter-finals
### Summary

| Team 1 | Agg. Tooltip Aggregate score | Team 2 | 1st leg | 2nd leg |
| Bayern Munich | 2–2 (a) | IFK Göteborg | 0–0 | 2–2 |
| Hajduk Split | 0–3 | Ajax | 0–0 | 0–3 |
| Barcelona | 2–3 | Paris Saint-Germain | 1–1 | 1–2 |
| Milan | 2–0 | Benfica | 2–0 | 0–0 |

### Matches

2–2 on aggregate; Bayern Munich won on away goals.
Ajax won 3–0 on aggregate.
Paris Saint-Germain won 3–2 on aggregate.
Milan won 2–0 on aggregate.

## Semi-finals
### Summary

| Team 1 | Agg. Tooltip Aggregate score | Team 2 | 1st leg | 2nd leg |
| Bayern Munich | 2–5 | Ajax | 0–0 | 2–5 |
| Paris Saint-Germain | 0–3 | Milan | 0–1 | 0–2 |

### Matches

Ajax won 5–2 on aggregate.
Milan won 3–0 on aggregate.

## Final

The final was played on 24 May 1995 at the Ernst Happel Stadion in Vienna, Austria.