| Group 5 | 04/02/1993 | Cerro Porteño | - | Club Olimpia | 0:0 | ||||
| Group 5 | 11/02/1993 | Cerro Porteño | - | Newell's Old Boys | 0:0 | ||||
| Group 5 | 22/02/1993 | Cerro Porteño | - | River Plate | 2:1 |  |
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| Group 5 | 09/03/1993 | Club Olimpia | - | Cerro Porteño | 1:0 | ||||
| Group 5 | 15/03/1993 | River Plate | - | Cerro Porteño | 1:1 | ||||
| Group 5 | 18/03/1993 | Newell's Old Boys | - | Cerro Porteño | 1:2 | ||||
| Round of 16 | 06/04/1993 | Cerro Porteño | - | Cobreloa | 1:1 | ||||
| Round of 16 | 13/04/1993 | Cobreloa | - | Cerro Porteño | 0:2 | ||||
| Quarter-finals | 27/04/1993 | Cerro Porteño | - | Club Olimpia | 4:2 pso | ||||
| Semi-finals | 04/05/1993 | São Paulo FC | - | Cerro Porteño | 1:0 | ||||
| Semi-finals | 11/05/1993 | Cerro Porteño | - | São Paulo FC | 0:0 |
Paraguay