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| 1st(1st leg) | São Paulo FC | - | Once Caldas | 0:0 (0:0) | ||
| 2nd (2nd leg) | Once Caldas | - | São Paulo FC | 2:1 (1:1) | ||
| 1st(1st leg): 10/06/2004 01:45 | 2nd (2nd leg): 17/06/2004 00:45 | Winner: Once Caldas | ||||
| 1st(1st leg) | Boca Juniors | - | River Plate | 1:0 (1:0) | ||
| 2nd (2nd leg) | River Plate | - | Boca Juniors | 4:5 (0:0, 2:1, 2:1) pso | ||
| 1st(1st leg): 11/06/2004 01:00 | 2nd (2nd leg): 18/06/2004 01:00 | Winner: Boca Juniors | ||||
