| Group 2 | 11/07/1988 | Filanbanco | - | Newell's Old Boys | 1:1 | ||||
| Group 2 | 16/07/1988 | Barcelona | - | Newell's Old Boys | 0:0 | ||||
| Group 2 | 31/07/1988 | Newell's Old Boys | - | Barcelona | 3:0 | ||||
| Decider 1. Round | 06/08/1988 | Newell's Old Boys | - | San Lorenzo | 1:0 | ||||
| 2. Round | 06/09/1988 | Bolívar | - | Newell's Old Boys | 1:0 | ||||
| Semi-finals | 12/10/1988 | San Lorenzo | - | Newell's Old Boys | 1:2 |
Argentina