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| 1st(1st leg) | Grêmio Porto Alegre | - | América de Cali | 1:0 (1:0) | ||
| 2nd (2nd leg) | América de Cali | - | Grêmio Porto Alegre | 3:1 (1:1) | ||
| 1st(1st leg): 04/06/1996 | 2nd (2nd leg): 12/06/1996 | Winner: América de Cali | ||||
| 1st(1st leg) | Universidad de Chile | - | River Plate | 2:2 (1:1) | ||
| 2nd (2nd leg) | River Plate | - | Universidad de Chile | 1:0 (1:0) | ||
| 1st(1st leg): 05/06/1996 | 2nd (2nd leg): 12/06/1996 | Winner: River Plate | ||||
