| 1ª fase | Quartas de final | Semifinais | 3º lugar | Final |
Round:
Played
1st Round
12/05/1986 - Friday
14:00
Corinthians-SP
1
x
2
Sport-PE
18:00
América-MG
1
x
4
Grêmio-RS
2nd Round
12/07/1986 - Sunday
12:00
Grêmio-RS
0
x
0
Nacional-URU
14:00
Corinthians-SP
0
x
1
América-MG
3rd Round
12/10/1986 - Wednesday
16:00
Corinthians-SP
0
x
0
Nacional-URU
18:00
Sport-PE
0
x
0
América-MG
4th Round
12/12/1986 - Friday
América-MG
2
x
1
Nacional-URU
Grêmio-RS
1
x
1
Sport-PE
5th Round
12/14/1986 - Sunday
Grêmio-RS
3
x
0
Corinthians-SP
Sport-PE
4
x
0
Nacional-URU