|Date||3 July 1960|
|Venue||Estadio Centenario, Montevideo|
|Referee||José Luis Praddaude (Argentina)|
|Date||4 September 1960|
|Venue||Estadio Santiago Bernabéu, Madrid|
|Referee||Ken Aston (England)|
The 1960 Intercontinental Cup was the inaugural edition of the matchup between the reigning European football champion and the reigning South American football champion. The two-legged tie was contested between Spanish club Real Madrid and Uruguayan club Peñarol. The first match-up between Spanish side Real Madrid and the Uruguayan club Peñarol ended with Los Merengues holding Peñarol to a 0-0 tie in Montevideo's Estadio Centenario and soundly winning 5-1 in the return leg in Madrid's Santiago Bernabéu thanks to the marvelous performances of Alfredo di Stéfano and Ferenc Puskás.
| 3 July 1960||Peñarol 22x20px||0–0||22x20px Real Madrid|| Estadio Centenario, Montevideo|
Referee: José Luis Praddaude (Argentina)
| 4 September 1960||Real Madrid 22x20px||5–1||22x20px Peñarol|| Estadio Santiago Bernabéu, Madrid|
Referee: Ken Aston (England)
| Puskás Goal 2', 8'|
di Stéfano Goal 3'
Herrera Goal 40'
Gento Goal 54'
|Spencer Goal 80'|