| Group 2 | 18/02/1997 | Racing Club | - | Vélez Sarsfield | 1:2 | ||||
| Group 2 | 26/02/1997 | Emelec | - | Racing Club | 2:2 | ||||
| Group 2 | 07/04/1997 | Racing Club | - | Emelec | 2:0 | ||||
| Round of 16 | 22/04/1997 | Racing Club | - | River Plate | 3:3 | ||||
| Round of 16 | 06/05/1997 | River Plate | - | Racing Club | 3:5 pso | ||||
| Quarter-finals | 20/05/1997 | Peñarol | - | Racing Club | 1:0 | ||||
| Quarter-finals | 27/05/1997 | Racing Club | - | Peñarol | 3:2 pso | ||||
| Semi-finals | 22/07/1997 | Racing Club | - | Sporting Cristal | 3:2 | ||||
| Semi-finals | 29/07/1997 | Sporting Cristal | - | Racing Club | 4:1 |
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