The 1992 Copa CONMEBOL was the first edition of CONMEBOL's annual club tournament. Teams that failed to qualify for the Copa Libertadores played in this tournament. Sixteen teams from the ten South American football confederations qualified for this tournament. Atlético Mineiro defeated Olimpia in the finals.

Teams The following 16 teams from the 10 CONMEBOL member associations qualified for the tournament: Brazil: 4 berths Argentina: 3 berths Uruguay: 2 berths All other associations: 1 berth each AssociationTeam Qualification method(3 berths)Vélez Sársfield 1991–92 Primera División 3rd placeGimnasia y Esgrima 1992 Torneo Octogonal finalistDeportivo Español 1992 Torneo Octogonal semifinalist(1 berth)Oriente Petrolero 1991 Primera División 3rd place(4 berths) Bragantino 1991 Campeonato Brasileiro Série A runners-up Atlético Mineiro 1991 Campeonato Brasileiro Série A 3rd place Fluminense 1991 Campeonato Brasileiro Série A 4th placeGrêmio 1991 Copa do Brasil runners-up(1 berth)O'Higgins 1991 Liguilla Pre-Libertadores runners-up(1 berth)El Nacional 1991 Serie A 3rd place(1 berth)Junior 1991 Primera A 3rd place(1 berths)Olimpia 1991 Primera División 3rd place(1 berth)Universitario 1991 Torneo Descentralizado 3rd place(2 berths)Peñarol 1991 Liguilla Pre-Libertadores 3rd placeDanubio 1991 Liguilla Pre-Libertadores 4th place(1 berth)Marítimo 1991–92 Primera División 3rd place

Bracket

First round

Quarterfinals

Semifinals

Finals

External links CONMEBOL 1992 at RSSSF CONMEBOL 1992 at CONMEBOL Official Website