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| 1st(1st leg) | Santa Fe | - | Vélez Sarsfield | 1:1 (1:0) | ||
| 2nd (2nd leg) | Vélez Sarsfield | - | Santa Fe | 3:2 (2:0) | ||
| 1st(1st leg): 02/11/2011 01:15 | 2nd (2nd leg): 11/11/2011 00:15 | Winner: Vélez Sarsfield | ||||
| 1st(1st leg) | Universitario de Deportes | - | Vasco da Gama - RJ | 2:0 (1:0) | ||
| 2nd (2nd leg) | Vasco da Gama - RJ | - | Universitario de Deportes | 5:2 (1:1) | ||
| 1st(1st leg): 02/11/2011 23:50 | 2nd (2nd leg): 09/11/2011 23:50 | Winner: Vasco da Gama - RJ | ||||
| 1st(1st leg) | Arsenal de Sarandí | - | Universidad de Chile | 1:2 (0:1) | ||
| 2nd (2nd leg) | Universidad de Chile | - | Arsenal de Sarandí | 3:0 (2:0) | ||
| 1st(1st leg): 03/11/2011 22:30 | 2nd (2nd leg): 18/11/2011 00:45 | Winner: Universidad de Chile | ||||
| 1st(1st leg) | LDU Quito | - | Libertad | 1:0 (0:0) | ||
| 2nd (2nd leg) | Libertad | - | LDU Quito | 4:5 (0:0, 1:0, 1:0) pso | ||
| 1st(1st leg): 04/11/2011 00:45 | 2nd (2nd leg): 17/11/2011 22:15 | Winner: LDU Quito | ||||
