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.
1 Withdrew.
1 Pupuk Kaltim entered as the Indonesian league runners-up for 1990, as the 1990/92 league had not yet finished.
2 Sinugba were drawn against the South Korean representatives, but the South Korean FA did not send a team.
1 Sinugba withdrew.
Al Nassr lost 5-0 was the record in the finals of the Asian Cup Winners' Cup