Colo Colo edged Cruzeiro 3-2 after extra time. Ivo Basay scored 3 goals.

1. 0'
   ⚽Kick-off
   CONMEBOL Libertadores 1997
   Referee: Ubaldo Aquino📍 Monumental David ArellanoAttendance: 45,000
2. 1. First half
   2. 20'
      CHI
      GOOOAL!IBIvo Basay
   3. 28'
      BRA
      GOOOAL!MRMarcelo Silva Ramos
3. 1. Second half
   2. 47'
      CHI
      GOOOAL!IBIvo BasayPenalty
   3. 52'
      CHI
      GOOOAL!IBIvo Basay
   4. 64'
      BRA
      GOOOAL!CLClêison
4. 1. Penalties
   2. 120+1'
      BRA
      GOOOAL!RIRicardinhoPenalty shootout
   3. 120+2'
      CHI
      Shootout miss
      IBIvo Basay
   4. 120+3'
      BRA
      GOOOAL!DODonizete OliveiraPenalty shootout
   5. 120+4'
      CHI
      Shootout miss
      MEMarcelo Espina
   6. 120+5'
      BRA
      GOOOAL!FAFabinhoPenalty shootout
   7. 120+6'
      CHI
      GOOOAL!JSJosé Luis SierraPenalty shootout
   8. 120+7'
      BRA
      GOOOAL!MRMarcelo Silva RamosPenalty shootout