Cite1997 Liberatadores Cup: Semifinals
Racing Club (ARG) vs. Sporting Cristal (PER)
| July 23 | Buenos Aires (40,000) | Racing Club 3, Sporting Cristal 2 |
| July 30 | Lima (45,000) | Sporting Cristal 4, Racing Club 1 |
| Sporting Cristal wins on aggregate, 6-4 | ||
Cruziero (BRA) vs. Colo Colo (CHI)
| July 23 | Belo Horizonte (30,000) | Cruzeiro 1, Colo Colo 0 |
| July 30 | Santiago (35,000) | Colo Colo 3, Cruziero 2 |
| (Aggregate 3-3, Cruzeiro wins 5-4 on aggregate after shootout) | ||
| South America | Final |
See also: