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| 1st(1st leg) | Minervén FC | - | Bolívar | 1:1 (0:0) | ||
| 2nd (2nd leg) | Bolívar | - | Minervén FC | 7:0 (3:0) | ||
| 1st(1st leg): 23/04/1997 | 2nd (2nd leg): 07/05/1997 | Winner: Bolívar | ||||
| 1st(1st leg) | Sporting Cristal | - | Vélez Sarsfield | 0:0 (0:0) | ||
| 2nd (2nd leg) | Vélez Sarsfield | - | Sporting Cristal | 0:1 (0:0) | ||
| 1st(1st leg): 23/04/1997 | 2nd (2nd leg): 08/05/1997 | Winner: Sporting Cristal | ||||
| 1st(1st leg) | Guaraní | - | Grêmio Porto Alegre | 2:1 (1:0) | ||
| 2nd (2nd leg) | Grêmio Porto Alegre | - | Guaraní | 2:1 (0:0, 2:1, 2:1) pso | ||
| 1st(1st leg): 23/04/1997 | 2nd (2nd leg): 06/05/1997 | Winner: Grêmio Porto Alegre | ||||
| 1st(1st leg) | Millonarios | - | Peñarol | 2:0 (0:0) | ||
| 2nd (2nd leg) | Peñarol | - | Millonarios | 3:2 (2:0, 3:1, 3:1) pso | ||
| 1st(1st leg): 23/04/1997 | 2nd (2nd leg): 06/05/1997 | Winner: Peñarol | ||||
| 1st(1st leg) | Racing Club | - | River Plate | 3:3 (2:3) | ||
| 2nd (2nd leg) | River Plate | - | Racing Club | 3:5 (1:1, 1:1, 1:1) pso | ||
| 1st(1st leg): 23/04/1997 | 2nd (2nd leg): 07/05/1997 | Winner: Racing Club | ||||
| 1st(1st leg) | Universidad Católica | - | Oriente Petrolero | 4:0 (1:0) | ||
| 2nd (2nd leg) | Oriente Petrolero | - | Universidad Católica | 1:5 (0:2) | ||
| 1st(1st leg): 06/05/1997 | 2nd (2nd leg): 14/05/1997 | Winner: Universidad Católica | ||||
| 1st(1st leg) | Nacional | - | Colo-Colo | 1:3 (0:1) | ||
| 2nd (2nd leg) | Colo-Colo | - | Nacional | 1:2 (0:1) | ||
| 1st(1st leg): 07/05/1997 | 2nd (2nd leg): 14/05/1997 | Winner: Colo-Colo | ||||
| 1st(1st leg) | El Nacional | - | Cruzeiro | 1:0 (0:0) | ||
| 2nd (2nd leg) | Cruzeiro | - | El Nacional | 5:3 (0:0, 2:1, 2:1) pso | ||
| 1st(1st leg): 07/05/1997 | 2nd (2nd leg): 14/05/1997 | Winner: Cruzeiro | ||||
