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| H | Minervén FC | - | Vélez Sarsfield | 0:0 (0:0) | ||
| R | Vélez Sarsfield | - | Minervén FC | 2:0 (1:0) | ||
| H: 27.07.1994 | R: 03.08.1994 | Sieger: Vélez Sarsfield | ||||
| H | Bolívar | - | Club Olimpia | 0:1 (0:0) | ||
| R | Club Olimpia | - | Bolívar | 2:0 (1:0) | ||
| H: 27.07.1994 | R: 03.08.1994 | Sieger: Club Olimpia | ||||
| H | Independiente Medellín | - | Atlético Junior | 0:2 (0:0) | ||
| R | Atlético Junior | - | Independiente Medellín | 0:0 (0:0) | ||
| H: 27.07.1994 | R: 03.08.1994 | Sieger: Atlético Junior | ||||
| H | Unión Española | - | São Paulo FC | 1:1 (1:0) | ||
| R | São Paulo FC | - | Unión Española | 4:3 (2:0) | ||
| H: 29.07.1994 | R: 03.08.1994 | Sieger: São Paulo FC | ||||
