The 14 winners from the first round and last year's cup finalists, Rudar and Mogren, compete in this round. Starting with this round, all rounds of the competition will be two-legged except for the final. The first legs were held on 14 September 2011, while the second legs were held on 28 September 2011.
The eight winners from the second round competed in this round. The first legs took place on 19 October 2011 and the second legs took place on 2 November 2011.