| Group 2 | 27/02/1966 | Club Olimpia | - | Guaraní | 3:3 |  |
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| Group 2 | 05/03/1966 | Universidad de Chile | - | Club Olimpia | 1:2 | |
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| Group 2 | 08/03/1966 | Universidad Católica | - | Club Olimpia | 0:0 | ||||
| Group 2 | 11/03/1966 | Club Olimpia | - | Universidad Católica | 0:4 | ||||
| Group 2 | 16/03/1966 | Club Olimpia | - | Universidad de Chile | 2:0 | |
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| Group 2 | 20/03/1966 | Guaraní | - | Club Olimpia | 2:0 | ||||
| Decider 1. Round | 23/03/1966 | Guaraní | - | Club Olimpia | 2:1 |
Paraguay