European champion Porto defeated South American Libertadores Cup winner Once Caldas of Colombia 8-7 on penalties to win the 25th and final Toyota Cup in Yokohama on Sunday.

News photoPorto's Ricardo Costa (left) and Quaresma hold up the Toyota Cup after the Portuguese team beat Once Caldas of Colombia in Yokohama.

After the match finished scoreless after 120 minutes, Pedro Emanuel struck the decisive spot kick after Jhon Edwin Garcia had blazed over the bar to give the Portuguese powerhouse the unofficial title of the world's best club side for the second time.

The win was no more than Porto deserved and capped a triumphant week for Victor Fernandez's side following the 2-1 victory over Chelsea that put it into the last 16 of the Champions League.