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The 1980–81 FIBA European Cup Winners' Cup was the fifteenth edition of FIBA's 2nd-tier level European-wide professional club basketball competition, contested between national domestic cup champions, running from 7 October 1980, to 18 March 1981. It was contested by 20 teams, two less than in the previous edition.
Squibb Cantù defeated FC Barcelona, in the final held in Rome, winning the FIBA European Cup Winner's Cup for a (European record) fourth time.