Group 5 consisted of five of the 34 teams entered into the European zone: [1] Denmark, Greece, Italy, Luxembourg, and Yugoslavia. These five teams competed on a home-and-away basis for two of the 14 spots in the final tournament allocated to the European zone, with the group's winner and runner-up claiming those spots.
| Rank | Team | Pts | Pld | W | D | L | GF | GA | GD |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 13 | 8 | 6 | 1 | 1 | 22 | 7 | +15 | |
| 2 | 12 | 8 | 5 | 2 | 1 | 12 | 5 | +7 | |
| 3 | 8 | 8 | 4 | 0 | 4 | 14 | 11 | +3 | |
| 4 | 7 | 8 | 3 | 1 | 4 | 10 | 13 | −3 | |
| 5 | 0 | 8 | 0 | 0 | 8 | 1 | 23 | −22 |
| Luxembourg | 0 – 5 | |
|---|---|---|
| Report | Sušić Zl. Vujović Petrović Buljan |
| Yugoslavia | 2 – 1 | |
|---|---|---|
| Pantelić Zo. Vujović | Report | Arnesen |
| Luxembourg | 0 – 2 | |
|---|---|---|
| Report | Collovati Bettega |
| Greece | 2 – 0 | |
|---|---|---|
| Kouis Kostikos | Report |
| Yugoslavia | 5 – 1 | |
|---|---|---|
| Šljivo Halilhodžić Pantelić Zl. Vujović | Report | Kostikos |
| Denmark | 1 – 2 | |
|---|---|---|
| Elkjær | Report | Zl. Vujović Petrović |
| Yugoslavia | 1 – 1 | |
|---|---|---|
| Zl. Vujović | Report | Bettega |
| Yugoslavia | 5 – 0 | |
|---|---|---|
| Halilhodžić Šurjak Pašić Zl. Vujović | Report |
| Italy | 1 – 0 | |
|---|---|---|
| Collovati | Report |