 |
 |
|
|
| 1st(1st leg) | San Lorenzo | - | Universidad de Chile | 1:0 | ||
| 2nd (2nd leg) | Universidad de Chile | - | San Lorenzo | 3:1 | ||
| 1st(1st leg): 15/11/1994 | 2nd (2nd leg): 22/11/1994 | Winner: Universidad de Chile | ||||
| 1st(1st leg) | São Paulo FC | - | Sporting Cristal | 3:1 | ||
| 2nd (2nd leg) | Sporting Cristal | - | São Paulo FC | 0:0 | ||
| 1st(1st leg): 16/11/1994 | 2nd (2nd leg): 23/11/1994 | Winner: São Paulo FC | ||||
| 1st(1st leg) | Cerro Corá | - | Peñarol | 3:1 | ||
| 2nd (2nd leg) | Peñarol | - | Cerro Corá | 6:1 | ||
| 1st(1st leg): 16/11/1994 | 2nd (2nd leg): 23/11/1994 | Winner: Peñarol | ||||
| 1st(1st leg) | Minervén FC | - | Corinthians SP | 2:5 | ||
| 2nd (2nd leg) | Corinthians SP | - | Minervén FC | 6:0 | ||
| 1st(1st leg): 18/11/1994 | 2nd (2nd leg): 25/11/1994 | Winner: Corinthians SP | ||||
