1985-86 League champions
- Austria KAC Klagenfurt
- Belgium Olympia Heist-op-den-berg
- Bulgaria CSKA Sofia
- Czechoslovakia VSZ Kosice
- Denmark Esbjerg IK
- Finland Tappara Tampere
- France HC Saint-Gervais
- West Germany Kolner EC
- East Germany Dynamo Berlin
- Great Britain Fife Flyers
- Hungary Ujpesti Dosza
- Italy HC Merano
- Japan Kokudo Tokyo
- NHL Montreal Canadiens
- Netherlands
- Norway Stjernen
- Poland Polonia Bytom
- Romania Steaua Bucuresti
- Spain Club Gel Puigcerda
- Soviet Union CSKA Moscow
- Sweden Farjestads BK
- Switzerland HC Lugano
- Yugoslavia Partizan Beograd