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| H | São Paulo FC | - | Barcelona | 3:0 (3:0) | ||
| R | Barcelona | - | São Paulo FC | 2:0 (0:0) | ||
| H: 27.05.1992 | R: 03.06.1992 | Sieger: São Paulo FC | ||||
| H | Newell's Old Boys | - | América de Cali | 1:1 (0:1) | ||
| R | América de Cali | - | Newell's Old Boys | 10:11 (0:1, 1:1, 1:1) i.E. | ||
| H: 27.05.1992 | R: 03.06.1992 | Sieger: Newell's Old Boys | ||||
