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Eighth-final 1
| Home Team | Score | Away Team | Venue | Date | |
|---|---|---|---|---|---|
| Game 1 | Makedonikos 
|
89 - 63 |  Caprabo Lleida
|
Kozani | February 10, 2004 |
| Game 2 | Caprabo Lleida
|
89 - 58 | Makedonikos
|
Lleida | February 17, 2004 |
Eighth-final 2
| Home Team | Score | Away Team | Venue | Date | |
|---|---|---|---|---|---|
| Game 1 | Wallone Charleroi 
|
56 - 74 | Adecco Estudiantes
|
Charleroi | February 10, 2004 |
| Game 2 | Adecco Estudiantes
|
84 - 91 | Wallone Charleroi
|
Madrid | February 17, 2004 |
Eighth-final 3
| Home Team | Score | Away Team | Venue | Date | |
|---|---|---|---|---|---|
| Game 1 | Real Madrid
|
87 - 68 | Auna Gran Canaria
|
Madrid | February 10, 2004 |
| Game 2 | Auna Gran Canaria
|
63 - 61 | Real Madrid
|
Las Palmas | February 17, 2004 |
Eighth-final 4
| Home Team | Score | Away Team | Venue | Date | |
|---|---|---|---|---|---|
| Game 1 | RheinEnergie Cologne 
|
81 - 70 |  Metis Varese
|
Cologne | February 10, 2004 |
| Game 2 | Metis Varese
|
81 - 62 | RheinEnergie Cologne
|
Varese | February 17, 2004 |
Eighth-final 5
| Home Team | Score | Away Team | Venue | Date | |
|---|---|---|---|---|---|
| Game 1 | BK Ventspils 
|
68 - 79 |  BC Reflex
|
Ventspils | February 10, 2004 |
| Game 2 | BC Reflex
|
95 - 89 | BK Ventspils
|
Belgrade | February 17, 2004 |
Eighth-final 6
| Home Team | Score | Away Team | Venue | Date | |
|---|---|---|---|---|---|
| Game 1 | DKV Joventut
|
78 - 62 | Breil Milano
|
Badalona | February 10, 2004 |
| Game 2 | Breil Milano
|
81 - 69 | DKV Joventut
|
Milano | February 17, 2004 |
Eighth-final 7
| Home Team | Score | Away Team | Venue | Date | |
|---|---|---|---|---|---|
| Game 1 | Hapoel Jerusalem 
|
77 - 67 |  Prokom Trefl Sopot
|
Jerusalem | February 10, 2004 |
| Game 2 | Prokom Trefl Sopot
|
86 - 82 | Hapoel Jerusalem
|
Sopot | February 17, 2004 |
Eighth-final 8
| Home Team | Score | Away Team | Venue | Date | |
|---|---|---|---|---|---|
| Game 1 | Lukoil Academic 
|
77 - 80 |  Lietuvos Rytas
|
Sofia | February 10, 2004 |
| Game 1 | Lietuvos Rytas
|
105 - 78 | Lukoil Academic
|
Vilnius | February 17, 2004 |