| Quarter-finals | 08/12/2011 | Once Caldas | - | América de Cali | 2:0 | ||||
| Semi-finals | 11/12/2011 | Once Caldas | - | Santa Fe | 1:1 |  |
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| Semi-finals | 15/12/2011 | Santa Fe | - | Once Caldas | 1:2 |  |
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| Final | 18/12/2011 | Atlético Junior | - | Once Caldas | 3:2 | |
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| Final | 22/12/2011 | Once Caldas | - | Atlético Junior | 2:4 pso |
Paraguay