| CE Europa beat Real Sociedad 4-2 (A) on 10 Oct 1965 |
| Real Sociedad beat Deportivo La Coruña 4-2 (H) on 12 Sep 1965 |
| Deportivo La Coruña beat Racing Santander 1-0 (H) on 3 Oct 1965 |
| Racing Santander beat UP Langreo 3-2 (H) on 10 Oct 1965 |
| UP Langreo beat Indautxu 2-1 (H) on 3 Oct 1965 |
| Indautxu beat Osasuna 1-0 (A) on 5 Sep 1965 |
| Osasuna beat CE L'Hospitalet 3-1 (H) on 3 Oct 1965 |
| CE L'Hospitalet beat Lleida 2-1 (H) on 26 Sep 1965 |
| Lleida beat Real Oviedo 3-0 (H) on 12 Sep 1965 |
| Real Oviedo beat Badalona 4-0 (H) on 10 Oct 1965 |
| Badalona beat Barakaldo 1-0 (H) on 3 Oct 1965 |
| Barakaldo beat Celta Vigo 2-1 (H) on 26 Sep 1965 |
| Celta Vigo beat Burgos 4-2 (H) on 5 Sep 1965 |
| Burgos beat Sporting Gijón 3-2 (H) on 10 Oct 1965 |
| Sporting Gijón beat Condal 3-1 (H) on 12 Sep 1965 |
| Condal beat CE Europa 2-1 (H) on 19 Sep 1965 |
HWC: Thick arrows show the earliest chain of wins that passes through every team and returns to its start.