The 1981–82 FIBA Korać Cup was the 11th edition of FIBA's Korać Cup basketball competition. The French Limoges CSP defeated the Yugoslav Šibenka in the final on March 18, 1982 in Padua, Italy.

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Latte Sole Bologna	173–158	Iraklis	86–56	87–102
PAOK	201–164	Stock 84 Wels	103–72	98–92
Hapoel Haifa	150–160	Spa Verviers-Pepinster	66–69	84–91
Vasas	123–115	Karşıyaka	65–51	58–64
Acqua Fabia Rieti	149–146	Avignon	88–70	61–76
Nationale-Nederlanden Donar	199–182	Solent Stars	107–77	92–105
OAR Ferrol	187–140	Sangalhos	108–72	79–68
Sparta Bertrange	122–205	Anderlecht	56–104	66–101
Olympiacos	139–156	Maes Pils	79–60	60–96
T71 Dudelange	139–200	Limoges CSP	83–92	56–108

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Latte Sole Bologna	163–146	Zbrojovka Brno	104–86	59–60
PAOK	181–197	Zadar	88–94	93–103
Spa Verviers-Pepinster	178–182	Efes Pilsen	91–90	87–92
Vasas	166–156	CEP Fleurus	95–69	71–87
Acqua Fabia Rieti	163–157	Iskra Olimpija	86–82	77–75
Nationale-Nederlanden Donar	187–189	Cotonificio	104–82	83–107
Tours	194–170	OAR Ferrol	98–70	96–100
Anderlecht	165–169	Orthez	93–86	72–83
Miñón Valladolid	171–157	Maes Pils	100–79	71–78
Limoges CSP	183–165	Aris	106–77	77–88
Hapoel Tel Aviv	189–195	Šibenka	101–97	88–98

Automatically qualified to round of 16

• Joventut Sony (title holder)
• Carrera Venezia
• Crvena zvezda
• Spartak Leningrad
• Cagiva Varese

Group A Team Pld Pts W L PF PA PD 1. Limoges CSP 6 10 4 2 561 549 +12 2. Cotonificio 6 10 4 2 579 554 +25 3. Carrera Venezia 6 9 3 3 587 563 +24 4. Spartak Leningrad 6 7 1 5 498 559 −61

Group B Team Pld Pts W L PF PA PD 1. Zadar 6 10 4 2 580 544 +36 2. Orthez 6 9 3 3 559 562 −3 3. Joventut Sony 6 9 3 3 486 483 +3 4. Cagiva Varese 6 8 2 4 499 535 −36

Group C Team Pld Pts W L PF PA PD 1. Šibenka 6 11 5 1 585 538 +47 2. Acqua Fabia Rieti 6 10 4 2 579 516 +63 3. Miñón Valladolid 6 9 3 3 537 546 −9 4. Vasas 6 6 0 6 466 567 −101

Group D Team Pld Pts W L PF PA PD 1. Crvena zvezda 6 10 4 2 570 525 +45 2. Latte Sole Bologna 6 9 3 3 538 535 +3 3. Tours 6 9 3 3 559 563 −4 4. Efes Pilsen 6 8 2 4 511 555 −44

Team 1	Agg.Tooltip Aggregate score	Team 2	1st leg	2nd leg
Zadar	170–183	Limoges CSP	92–84	78–99
Crvena zvezda	198–200	Šibenka	115–99	83–101

March 18, Palasport San Lazzaro, Padua

Team 1	Score	Team 2
Limoges CSP	90–84	Šibenka

Limoges: Yves-Marie Vérove, Jean-Michel Sénégal 12, Richard Billet, Richard Dacoury 10, Ed Murphy 35, Irv Kiffin 21, Apollo Faye 2, Didier Rose, Benoit Tremouille, Eric Narbonne, Philippe Koundrioukoff, Jean-Luc Deganis 10.
Šibenka: Dražen Petrović 19, Predrag Šarić, Fabjan Žurić, Živko Ljubojević 16, Bruno Petani, Sreten Đurić, Damir Damjanić, Branko Macura 23, Željko Marelja 6, Robert Jablan, Srećko Jarić 16, Nenad Slavica 2.

1981–82 FIBA Korać Cup Champions
Limoges CSP 1st title

• 1981–82 FIBA Korać Cup @ linguasport.com
• 1981–82 FIBA Korać Cup
• Report from final match in Slobodna Dalmacija archive