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| First leg | |||||||
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| Venue | Estadio Centenario, Montevideo | ||||||
| Referee | Claudio Vicuña (Chile) | ||||||
| Attendance | 58,324 | ||||||
| Second leg | |||||||
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| Venue | Estadio Santiago Bernabéu, Madrid | ||||||
| Referee | Concetto Lo Bello (Italy) | ||||||
| Attendance | 71,063 | ||||||
The 1966 Intercontinental Cup was the seventh playing of the cup. It was held between the winners of the 1965-66 European Cup, Real Madrid, and Peñarol, winner of the 1966 Copa Libertadores.