| Group 2 | 20/03/1995 | Cerro Porteño | - | Club Olimpia | 2:2 | ||||
| Group 2 | 27/03/1995 | Trujillanos FC | - | Cerro Porteño | 1:2 | ||||
| Group 2 | 30/03/1995 | Caracas FC | - | Cerro Porteño | 0:6 |  |
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| Round of 16 | 25/04/1995 | Emelec | - | Cerro Porteño | 2:0 | ||||
| Round of 16 | 02/05/1995 | Cerro Porteño | - | Emelec | 4:5 pso |  |
Paraguay