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Previously, Boca Juniors had beaten Paraguayan Olimpia 1–0 while Cruzeiro had defeated Racing on penalties 3–1 after both teams tied 1–1 on regular time. Those matches were played at José Amalfitani Stadium as well.
In the final, Boca Juniors beat Cruzeiro 2–1 to claim their first Copa Master title.
Boca Juniors
Cruzeiro
27' 
Boca Juniors
61'
45'
