| Group 3 | 24/02/1998 | Club Olimpia | - | Cerro Porteño | 5:1 | ||||
| Group 3 | 05/03/1998 | Club Olimpia | - | Universidad Católica | 2:0 | ||||
| Group 3 | 30/03/1998 | Universidad Católica | - | Club Olimpia | 2:1 | ||||
| Group 3 | 02/04/1998 | Colo-Colo | - | Club Olimpia | 1:3 |  |
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| Round of 16 | 29/04/1998 | Club Olimpia | - | Colón de Santa Fe | 1:2 pso |  |
Paraguay