Gremio edged Club Guarani 2-1 after extra time.

1. 0'
   ⚽Kick-off
   CONMEBOL Libertadores 1997
   Referee: Gustavo Méndez📍 OlímpicoAttendance: 38,112
2. 1. Second half
   2. 63'
      BRA
      GOOOAL!PNPaulo Nunes
   3. 86'
      PAR
      GOOOAL!HOHugo Ovelar
   4. 89'
      BRA
      GOOOAL!RGRodrigo Grahl
3. 1. Penalties
   2. 120+1'
      BRA
      GOOOAL!DIDinhoPenalty shootout
   3. 120+2'
      PAR
      GOOOAL!GSGustavo SoteloPenalty shootout
   4. 120+3'
      BRA
      Shootout miss
      MGMauro Galvão
   5. 120+4'
      PAR
      Shootout miss
      LRLuis Romero
   6. 120+5'
      BRA
      Shootout miss
      CMCarlos Miguel
   7. 120+6'
      PAR
      Shootout miss
      DDDario Delgado
   8. 120+7'
      BRA
      Shootout miss
      RGRodrigo Grahl
   9. 120+8'
      PAR
      Shootout miss
      AAA Almada
   10. 120+9'
       BRA
       GOOOAL!FAFrancisco ArcePenalty shootout