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| H | Santos FC | - | Cerro Porteño | 1:0 (1:0) | ||
| R | Cerro Porteño | - | Santos FC | 3:3 (1:3) | ||
| H: 26.05.2011 02:50 | R: 02.06.2011 02:50 | Sieger: Santos FC | ||||
| H | Peñarol | - | Vélez Sarsfield | 1:0 (1:0) | ||
| R | Vélez Sarsfield | - | Peñarol | 2:1 (1:1) | ||
| H: 27.05.2011 02:50 | R: 03.06.2011 02:50 | Sieger: Peñarol | ||||
