In the semifinals, Boca Juniors defeated Telê Santana's São Paulo in the mythical La Bombonera 1-0; the Paulistas' golden generation would return the dosage on the return leg and the series went into extra time.

Tied 1-1 on aggregate, Sergio Daniel Martínez made history as he scored the first ever golden goal in a South American competition.

In the final, Boca Juniors held Atlético Mineiro to a 0-0 tie in the Mineirão and win 1-0 in Buenos Aires, with the goal coming from Carlos MacAllister, to become the first ever winners of the competition.

Due to scheduling conflicts, this season was played as part of the Supercopa Sudamericana, specifically the quarterfinal stage.

In the semifinals, Flamengo defeated Rosario Central 2-1 and São Paulo 3-1 and become champions of the competition.