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| 1st(1st leg) | Santos FC | - | Cerro Porteño | 1:0 (1:0) | ||
| 2nd (2nd leg) | Cerro Porteño | - | Santos FC | 3:3 (1:3) | ||
| 1st(1st leg): 26/05/2011 01:50 | 2nd (2nd leg): 02/06/2011 01:50 | Winner: Santos FC | ||||
| 1st(1st leg) | Peñarol | - | Vélez Sarsfield | 1:0 (1:0) | ||
| 2nd (2nd leg) | Vélez Sarsfield | - | Peñarol | 2:1 (1:1) | ||
| 1st(1st leg): 27/05/2011 01:50 | 2nd (2nd leg): 03/06/2011 01:50 | Winner: Peñarol | ||||
