 |
 |
| Copa Lib. | 06/07/1988 | Cerro Porteño | - | Club Olimpia | 0:0 | 25.000 |
| Copa Lib. | 10/08/1988 | Club Olimpia | - | Cerro Porteño | 1:0 | 20.000 |
| Copa Lib. | 16/08/1988 | Cerro Porteño | - | Oriente Petrolero | 1:0 | 18.000 |
| Copa Lib. | 19/08/1988 | Club Olimpia | - | Oriente Petrolero | 1:2 | 30.000 |
| Copa Lib. | 19/08/1988 | Cerro Porteño | - | Bolívar | 3:2 | 20.000 |
| Copa Lib. | 26/08/1988 | Club Olimpia | - | Bolívar | 4:2 | ??? |
Paraguay