| Tourney Name: | Asian Cup Winners' Cup |
| Year: | 1991–92 |
| Num Teams: | 17 |
| Champion Other: |  Nissan |
| Count: | 1 |
| Second Other: | Al Nassr |
| Prevseason: | 1990–91 |
| Nextseason: | 1992–93 |
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.
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|}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.
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|}1 Sinugba withdrew.
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Al Nassr lost 5-0 was the record in the finals of the Asian Cup Winners' Cup|}