From 31/01/1965 to 15/04/1965

Final

Independiente
Peñarol
1-0
1-3
4-1
Playoff

Semi Finals

Independiente
Boca Juniors
2-0
0-1
0-0

(aet)

Playoff
Santos SP
Peñarol
5-4
2-3
1-2
Playoff

First Round Group 1

M V D L G P
1 Boca Juniors 4 4 0 0 11-3 8
2 The Strongest 4 1 1 2 5-7 3
3 Deportivo Quito 4 0 1 3 3-9 1
Deportivo Quito
The Strongest
0-1
2-2

Deportivo Quito
Boca Juniors
1-2
0-4

The Strongest
Boca Juniors
2-3
0-2

First Round Group 2

M V D L G P
1 Santos SP 4 4 0 0 10-3 8
2 Universidad Chile 4 1 0 3 6-9 2
3 Universitario Lima 4 1 0 3 5-9 2
Universidad Chile
Santos SP
1-5
0-1

Universitario Lima
Santos SP
1-2
1-2

Universitario Lima
Universidad Chile
1-0
2-5

First Round Group 3

M V D L G P
1 Peñarol 4 3 0 1 5-2 6
2 Guarani Asunción 4 3 0 1 6-5 6
3 Deportivo Galicia 4 0 0 4 2-6 0
Deportivo Galicia
Guarani Asunción
1-2
1-2

Deportivo Galicia
Peñarol
w/o
0-2

Guarani Asunción
Peñarol
2-1
0-2

Notes :

Group 3 : Points were taken from Deportivo Galicia due to irregularities in their line-up. Peñarol was awarded the points.