Quarter-finals
First leg matches were played on May 21, 1995 and July 26, 1995. Second leg matches were played on August 2, 1995.
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
| River Plate | 1-1 (5-3 pk) | Vélez Sarsfield | 1-1 | 0-0 |
| Grêmio | 6-5 | Palmeiras | 5-0 | 1-5 |
| Emelec | 4-2 | Sporting Cristal | 3-1 | 1-1 |
| Atlético Nacional | 3-2 | Millonarios | 2-1 | 1-1 |
Read more about this topic: 1995 Copa Libertadores