Goncalo Guedes scored the only goal of the game as host nation Portugal recorded a 1-0 win in front of their home fans.
It was Guedes’ third goal in his last eight games for the European Champions and put the hosts on course for their second international trophy in three years.
Holland came close to equalising just six minutes later with their best chance of the game, but Portugal keeper Rui Patricio was able to produce a smart stop to keep Memphis Depay’s header out.
That was the closest Ronald Koeman’s team got and Portugal were able to see the match out to ensure that the home fans would be the ones celebrating at the final whistle.