| 4. Round | 20/08/2011 | Club Olimpia | - | General Caballero ZC | 2:1 |  |
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| 5. Round | 28/08/2011 | Sol de América | - | Club Olimpia | 1:3 | ||||
| 6. Round | 04/09/2011 | Club Olimpia | - | Cerro Porteño | 1:1 | ||||
| 7. Round | 11/09/2011 | Sportivo Luqueño | - | Club Olimpia | 3:1 | ||||
| 11. Round | 03/10/2011 | Club Rubio Ñu | - | Club Olimpia | 1:1 | ||||
| 8. Round | 09/10/2011 | Club Olimpia | - | Independiente CG | 2:2 | |
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| 13. Round | 23/10/2011 | 3 de Febrero | - | Club Olimpia | 0:1 | ||||
| 14. Round | 30/10/2011 | Club Olimpia | - | Libertad | 0:2 |
Argentina