Olimpia edged Colón 1-0 after extra time.

1. 0'
   ⚽Kick-off
   CONMEBOL Libertadores 1998
   Referee: José Arana📍 Defensores del ChacoAttendance: 17,500
2. 1. Second half
   2. 63'
      PAR
      GOOOAL!LMLuis Monzón
3. 1. Penalties
   2. 120+1'
      PAR
      GOOOAL!CPCarlos ParedesPenalty shootout
   3. 120+2'
      ARG
      GOOOAL!DUDante R. UnaliPenalty shootout
   4. 120+3'
      PAR
      Shootout miss
      WAWalter David Avalos
   5. 120+4'
      ARG
      GOOOAL!RARodolfo G. AquinoPenalty shootout
   6. 120+5'
      PAR
      Shootout miss
      FTFélix Torres
   7. 120+6'
      ARG
      Shootout miss
      CMClaudio J. Marini
   8. 120+7'
      PAR
      Shootout miss
      LMLuis Monzón
   9. 120+8'
      ARG
      Shootout miss
      MSMarcelo Saralegui
   10. 120+9'
       PAR
       Shootout miss
       GGGabriel González