| Group 3 | 06/07/1981 | Cerro Porteño | - | Club Olimpia | 0:0 | ||||
| Group 3 | 20/07/1981 | Cerro Porteño | - | Atlético Mineiro | 0:1 | ||||
| Group 3 | 30/07/1981 | Atlético Mineiro | - | Cerro Porteño | 2:2 | ||||
| Group 3 | 07/08/1981 | Club Olimpia | - | Cerro Porteño | 0:3 | ||||
| Group 3 | 10/08/1981 | Cerro Porteño | - | Flamengo RJ | 2:4 |
Paraguay