| Final, Lisboa | | date | Winner | score | Finalist | | 27.06.54 | Sporting CP Lisboa | 3-2 | Vitoria Setubal |
| dates | team 1 | Leg 1 | Leg 2 | team 2 | | 17.06, 20.06 | Sporting CP Lisboa | 2-4 | 6-0 | Os Belenenses Lisboa | --- | --- | | --.--, --.-- | Vitoria Setubal | 6-0 | 2-6 | Boavista Porto | --- | --- |
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| | | Maritimo Funchal winner of eliminatoria Insular entered in this Round. |
| dates | team 1 | Leg 1 | Leg 2 | team 2 | | --.--, --.-- | Os Belenenses Lisboa | 2-1 | 1-0 | Maritimo Funchal | --- | --- | | --.--, --.-- | Boavista Porto | 1-1 | 3-2 | Vitoria de Guimaraes | --- | --- | | 06.06, 13.06 | Sporting CP Lisboa | 1-1 | 4-2 | FC Porto | --- | --- | | --.--, --.-- | Vitoria Setubal | 3-0 | 2-1 | Atletico Lisboa | --- | --- |
| dates | team 1 _______________ | Leg 1 | Leg 2 | team 2 _______________ | HT1 | HT2 | | --.--, --.-- | Atletico Lisboa | 2-2 | 4-1 | Oriental Lisboa | --- | --- | | --.--, --.-- | Os Belenenses Lisboa | 4-1 | 1-2 | Sporting Braga | --- | --- | | --.--, --.-- | Boavista Porto | 6-1 | 1-2 | Academica Coimbra | --- | --- | | --.--, --.-- | FC Porto | 1-1 | 2-1 | Barreirense | --- | --- | | 23.05, 30.05 | Sporting CP Lisboa | 3-2 | 1-2 | Sport Lisboa e Benfica | --- | --- | | --.--, --.-- | Vitoria de Guimaraes | 3-0 | 4-5 | Sporting Covilha | --- | --- | | --.--, --.-- | Vitoria Setubal | 4-0 | 1-2 | Lusitano Evora | --- | --- | | Replay | | 31.05 | Sporting CP Lisboa | 4-2 | Sport Lisboa e Benfica |
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| In the competition played all the teams from Divisao I | | and the Champions of Acores and Madeira. |
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