1961–62 S.L. Benfica season
Exit date Position Player To club Fee
31 July 1961 DF Artur Santos None Retired
5 August 1961 MF Francisco Palmeiro Atlético CP Undisclosed
14 August 1961 GK José de Bastos Beira-Mar Undisclosed
17 August 1961 FW Jorge Lopes Académica Undisclosed
28 August 1961 MF Álvaro Inácio Atlético CP Undisclosed
28 August 1961 MF Peres Atlético CP Undisclosed
Transfers -- Out
The 1961-62 season was Sport Lisboa e Benfica's 58th season in existence and the club's 28th consecutive season in the top flight of Portuguese football, covering the period from 1 August 1961 to 31 July 1962. Benfica competed domestically in the Primeira Divisão and Taça de Portugal, and participated in the European Cup after winning the competition in the previous season. As the reigning European Cup holders, they represented the continent in the Intercontinental Cup. In the third year of Béla Guttmann's stint, Benfica had a slow transfer market, only noted addition was 
António Simões. The season did not start in the best of ways, with the team losing the Intercontinental Cup and suffering a blip in performance that saw him trail leaders by five points before December. However, the performance in Europe remained unchanged and Benfica progressed to the quarter-finals after beating Austria Wien. The domestic performance remained disappointing in January and February, while in Europe, Benfica lost 3-1 to Nürnberg. A strong second leg put them in the semi-finals, where they met Tottenham Hotspur. A 3-1 win in Lisbon was followed by a 2-1 loss in London, meaning had qualified for their second consecutive European Cup Final. They would face Real Madrid on 2 May 1962. In an entertaining game, Benfica trailed twice, but managed to overcame Madrid in the second half for 5-3 win, retaining the European Cup. They concluded the season with their 11th Taça de Portugal win.