| Group 1 | 15/07/1986 | Montevideo Wanderers | - | River Plate | 0:2 |  |
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| Group 1 | 23/07/1986 | Peñarol | - | River Plate | 0:2 | ||||
| Group 1 | 05/08/1986 | River Plate | - | Peñarol | 3:1 | ||||
| Group 1 | 13/08/1986 | River Plate | - | Montevideo Wanderers | 4:2 | |
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| Group 1 | 19/08/1986 | River Plate | - | Boca Juniors | 1:0 | |
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| Group A | 03/09/1986 | Argentinos Juniors | - | River Plate | 0:0 | ||||
| Group A | 15/09/1986 | Barcelona | - | River Plate | 0:3 | |
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| Group A | 22/09/1986 | River Plate | - | Barcelona | 4:1 | |
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| Group A | 25/09/1986 | River Plate | - | Argentinos Juniors | 0:2 | ||||
| Decider 2. Round | 03/10/1986 | Argentinos Juniors | - | River Plate | 0:0 | ||||
| Final | 22/10/1986 | América de Cali | - | River Plate | 1:2 | ||||
| Final | 28/10/1986 | River Plate | - | América de Cali | 1:0 |
Uruguay