| 1972 Masters Grand Prix | |
|---|---|
| Date | November 28 – December 2 |
| Edition | 3rd |
| Category | Masters |
| Draw | 8S |
| Surface | Hard / indoor |
| Location | Barcelona, Spain |
| Venue | Palau Blaugrana |
| Champions | |
| Singles | |
 Ilie Năstase[1] | |
The 1972 Masters was a men's tennis tournament played on indoor hard courts at Palau Blaugrana in Barcelona, Spain. It was the third edition of the Masters Grand Prix and was held from 28 November through 2 December 1972. Ilie Năstase won the title.
Ilie Năstase defeated 
Stan Smith 6–3, 6–2, 3–6, 2–6, 6–3
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