The 1991–92 Asian Cup Winners' Cup was the second edition of association football competition run by the Asian Football Confederation specifically for its members cup holders.

Bracket

1 Withdrew.

First round

West Asia

East Asia

1 Pupuk Kaltim entered as the Indonesian league runners-up for 1990, as the 1991/92 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)

Quarterfinals

1 Sinugba withdrew.

Semifinals

Final Al Nassr lost 5-0 was the record in the finals of the Asian Cup Winners' Cup

1st leg

2nd leg

References Asian Cup Winners Cup 1992