| Group 5 | 03/02/1973 | Cerro Porteño | - | Club Olimpia | 4:2 | ||||
| Group 5 | 13/02/1973 | Universitario de Deportes | - | Club Olimpia | 2:1 |  |
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| Group 5 | 01/03/1973 | Club Olimpia | - | Cerro Porteño | 2:1 | ||||
| Group 5 | 08/03/1973 | Club Olimpia | - | Universitario de Deportes | 3:1 | ||||
| Group 5 | 15/03/1973 | Club Olimpia | - | Sporting Cristal | 1:0 |
Paraguay