Semi-finals
First leg matches were played on August 9, 1995. Second leg matches were played on August 16, 1995.
| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
| Atlético Nacional | 1-1 (8-7 pk) | River Plate | 1-0 | 0-1 |
| Emelec | 0-2 | Grêmio | 0-0 | 0-2 |
Read more about this topic: 1995 Copa Libertadores