1992 Copa Libertadores
| Tournament details | |
|---|---|
| Dates | February 18 – June 17 |
| Teams | 21 (from 10 associations) |
| Final positions | |
| Champions |
 São Paulo (1st title)
|
| Runners-up |
 Newell's Old Boys
|
| Tournament statistics | |
| Matches played | 98 |
| Goals scored | 236 (2.41 per match) |
| Top scorer(s) |
Palhinha (7 goals) |
The 1992 Copa Libertadores was the 33rd edition of the Copa Libertadores, CONMEBOL's annual international club tournament. São Paulo won the competition.
The participating teams were divided into five groups, in which teams of the same country were placed in the same group. Each country was represented by two teams. The countries were paired as follows:
Colo-Colo, as the previous year champions, should join the competition only in the Round of 16, but they requested to start the competition in the group stage, due to financial reasons, thus five clubs participated in this group.
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