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| 1st(1st leg) | Palmeiras | - | Peñarol | 1:0 (0:0) | ||
| 2nd (2nd leg) | Peñarol | - | Palmeiras | 1:2 (1:1) | ||
| 1st(1st leg): 18/04/1968 | 2nd (2nd leg): 23/04/1968 | Winner: Palmeiras | ||||
| 1st(1st leg) | Racing Club | - | Estudiantes | 2:0 (1:0) | ||
| 2nd (2nd leg) | Estudiantes | - | Racing Club | 3:0 (0:0) | ||
| 1st(1st leg): 18/04/1968 | 2nd (2nd leg): 24/04/1968 | Winner: Estudiantes | ||||
| decisive matches | ||||||
|---|---|---|---|---|---|---|
| Racing Club | - | Estudiantes | 1:1 (0:0, 0:0) aet | |||
