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| 1st(1st leg) | Barcelona | - | Cerro Porteño | 1:0 (1:0) | ||
| 2nd (2nd leg) | Cerro Porteño | - | Barcelona | 3:4 (2:0, 2:1, 2:1) pso | ||
| 1st(1st leg): 16/07/1998 | 2nd (2nd leg): 22/07/1998 | Winner: Barcelona | ||||
| 1st(1st leg) | Vasco da Gama - RJ | - | River Plate | 1:0 (1:0) | ||
| 2nd (2nd leg) | River Plate | - | Vasco da Gama - RJ | 1:1 (1:0) | ||
| 1st(1st leg): 16/07/1998 | 2nd (2nd leg): 22/07/1998 | Winner: Vasco da Gama - RJ | ||||
